124 Cozy Cove LnSaludaNC28773
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Saluda at 124 Cozy Cove Ln, Saluda, NC, 28773 priced at $250,000 pairs $1,549/mo rent with $25/mo cash flow after a $1,224/mo payment. Total monthly income equals $1,549/mo, and annual cash flow comes to $300/yr on $82,875 invested. Return on cash invested is 20.27% in year one, and rental yield stands at 7.44% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 104.64% and total cumulative return in cash reaches $86,722. For financing, Ziffy Mortgage’s DSCR program evaluates $1,549/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1989
7.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28773, Saluda, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,373 (100%) |
| Owner Occupied HU | 1,234 (52.0%) |
| Renter Occupied HU | 308 (13.0%) |
| Vacant Housing Units | 831 (35.0%) |
| Median Home Value | $398,750 |
| Average Home Value | $497,273 |
Housing Distribution
Address Breakdown
Residential
1,696
Single Family
1,696
Multi-Family
0
Businesses
133
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Listed by: Misty Davis • Howard Hanna Beverly-Hanks
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338462