1644 Lake Emory RdFranklinNC28734
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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 Franklin at 1644 Lake Emory Rd, Franklin, NC, 28734 generates $931/mo in rent and, after a $587/mo payment, leaves $200/mo in cash flow. Total monthly income is $931/mo, and annual cash flow is $2,400/yr on $39,780 invested. Return on cash invested sits at 25.94% in year one, and rental yield is 9.31% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 135.04% and total cumulative return in cash sums $53,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $931/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.40 Acres lot
$N/A/sqft
$0 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28734, Franklin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,187 (100%) |
| Owner Occupied HU | 10,607 (55.3%) |
| Renter Occupied HU | 3,304 (17.2%) |
| Vacant Housing Units | 5,276 (27.5%) |
| Median Home Value | $288,734 |
| Average Home Value | $333,786 |
Housing Distribution
Address Breakdown
Residential
15,135
Single Family
14,538
Multi-Family
597
Businesses
1,128
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Listed by: Kyle Mckim (MLS Only) • Weichert, Realtors - Highlands Properties (Mls Only)
Mls Name: Carolina Smokies MLS
Mls ID: #26040348
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.