130 Old Mill RdFlat RockNC28731
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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
Investment property for sale in Flat Rock at 130 Old Mill Rd, Flat Rock, NC, 28731 with 5% annual appreciation on a $165,000 basis while $1,253/mo rent supports operations. Total monthly income totals $1,253/mo and a $808/mo payment preserves $247/mo for cash returns. Annual cash flow comes to $2,964/yr on $54,698 deployed, and return on cash invested reaches 25.33% in year one. Equity gained on principal adds $1,065/yr, and five-year appreciation sums $45,586 alongside rental yield of 9.11%. Five-year ROI measures 131.76% and total cumulative return in cash totals $72,071.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,253/mo property income versus a $808/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28731, Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,837 (100%) |
| Owner Occupied HU | 3,286 (67.9%) |
| Renter Occupied HU | 759 (15.7%) |
| Vacant Housing Units | 792 (16.4%) |
| Median Home Value | $426,195 |
| Average Home Value | $467,902 |
Housing Distribution
Address Breakdown
Residential
4,517
Single Family
4,376
Multi-Family
141
Businesses
351
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Listed by: Jo Ovenell • BluAxis Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321561