1315 Holshouser RdRockwellNC28138
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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 Rockwell at 1315 Holshouser Rd, Rockwell, NC, 28138 priced at $278,000 converts $1,757/mo rent into $62/mo cash flow after a $1,361/mo obligation. Total monthly income equals $1,757/mo, and annual cash flow totals $749/yr on $92,157 invested. Return on cash invested prints 20.72% in year one, and rental yield reads 7.58% against a $278,000 entry. Equity gained on principal adds $1,794/yr, while 5% annual appreciation compiles into $76,806 by year five. Five-year ROI reaches 107.09% and total cumulative return in cash sums $98,693. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,757/mo property income covering a $1,361/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28138, Rockwell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,580 (100%) |
| Owner Occupied HU | 3,362 (73.4%) |
| Renter Occupied HU | 927 (20.2%) |
| Vacant Housing Units | 291 ( 6.4%) |
| Median Home Value | $274,062 |
| Average Home Value | $317,255 |
Housing Distribution
Address Breakdown
Residential
4,345
Single Family
4,345
Multi-Family
0
Businesses
233
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Listed by: Wendell Rummage • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4287721