148 Rhyne Springs RdMount HollyNC28120
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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 Mount Holly at 148 Rhyne Springs Rd, Mount Holly, NC, 28120 earns $246/mo cash flow from $2,227/mo rent with a $1,591/mo payment. Total monthly income totals $2,227/mo, and annual cash flow totals $2,952/yr on $107,738 capital. ROI tracks 22.65% on current figures, and rental yield reads 8.22% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 117.41% and total cumulative return in cash sums $126,493. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,227/mo property income instead of your personal income.
Single Family
Built in 2004
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28120, Mount Holly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,511 (100%) |
| Owner Occupied HU | 8,249 (71.7%) |
| Renter Occupied HU | 2,623 (22.8%) |
| Vacant Housing Units | 639 ( 5.6%) |
| Median Home Value | $350,350 |
| Average Home Value | $385,667 |
Housing Distribution
Address Breakdown
Residential
10,633
Single Family
10,373
Multi-Family
260
Businesses
473
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Listed by: Ronnie Howard-Vandiver • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333965