171 N Mitchell StRutherfordtonNC28139
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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 Rutherfordton at 171 N Mitchell St, Rutherfordton, NC, 28139 offers a 9.94% rental yield on a $297,000 purchase with $2,461/mo rent. Total monthly income registers $2,461/mo, and a $1,454/mo payment leaves $651/mo available for distribution. Annual cash flow reaches $7,807/yr on $98,456 to close, and return on cash invested stands at 27.84% in year one. Equity gained on principal adds $1,916/yr while 5% annual appreciation supports $82,056 over five years. Portfolio math shows five-year ROI at 145.25% and total cumulative return in cash at $143,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,461/mo property income against a $1,454/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28139, Rutherfordton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,955 (100%) |
| Owner Occupied HU | 5,924 (66.2%) |
| Renter Occupied HU | 1,770 (19.8%) |
| Vacant Housing Units | 1,261 (14.1%) |
| Median Home Value | $272,538 |
| Average Home Value | $321,303 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
8,517
Multi-Family
111
Businesses
633
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Listed by: Ann Ferguson • Ferguson Real Estate & Associates
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282104