1517 Cranberry Cove DriveLinvilleNC28646
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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 Linville at 1517 Cranberry Cove Drive, Linville, NC, 28646 offers $0/mo rent that, after a $6,730/mo payment. Total monthly income is $0/mo. Return on cash invested measures -3.3% in year one, and rental yield stands at 0% at a $1,375,000 entry. Equity gained on principal adds $8,873/yr while 5% annual appreciation compounds into $379,887 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $6,730/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.97 Acres lot
$N/A/sqft
$4,883 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28646, Linville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 232 (19.0%) |
| Renter Occupied HU | 47 ( 3.8%) |
| Vacant Housing Units | 944 (77.2%) |
| Median Home Value | $377,193 |
| Average Home Value | $501,498 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
82
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Steve Lambert • Elk Valley Properties
Mls Name: High Country AOR
Mls Provider:
Mls ID: #254672
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.