151 Heatherly Heights RdSaludaNC28773
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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 151 Heatherly Heights Rd, Saluda, NC, 28773 priced at $675,000 converts $3,040/mo rent into after a $3,304/mo obligation. Total monthly income equals $3,040/mo. Return on cash invested prints 14.26% in year one, and rental yield reads 5.4% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 72.37% and total cumulative return in cash sums $160,707. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,040/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Single Family
Built in 1980
8.15 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: Lauretta Cook • Howard Hanna Beverly-Hanks
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4257112