1528 Cottage Creek DrBessemer CityNC28016
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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 Bessemer City at 1528 Cottage Creek Dr, Bessemer City, NC, 28016 priced at $356,999 converts $1,974/mo rent into after a $1,747/mo obligation. Total monthly income equals $1,974/mo. Return on cash invested prints 17.87% in year one, and rental yield reads 6.64% against a $356,999 entry. Equity gained on principal adds $2,304/yr, while 5% annual appreciation compiles into $98,632 by year five. Five-year ROI reaches 91.78% and total cumulative return in cash sums $108,615. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,974/mo property income covering a $1,747/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28016, Bessemer City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,831 (62.2%) |
| Renter Occupied HU | 1,793 (29.1%) |
| Vacant Housing Units | 535 ( 8.7%) |
| Median Home Value | $248,734 |
| Average Home Value | $320,265 |
Housing Distribution
Address Breakdown
Residential
5,725
Single Family
5,675
Multi-Family
50
Businesses
306
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Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A