1471 Howard Gap Loop 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 1471 Howard Gap Loop Rd, Flat Rock, NC, 28731 listed at $339,000 pairs $2,873/mo rent with a $1,659/mo payment to leave $807/mo cash flow. Total monthly income runs $2,873/mo, and annual cash flow reaches $9,686/yr on $112,379 cash to close. Return on cash invested measures 28.53% in year one, and rental yield registers 10.17% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 148.98% and total cumulative return in cash totals $167,416. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,873/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
1.10 Acres 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: Rebecca Lafunor • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328143