185 Chodl LnFranklinNC28734
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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 185 Chodl Ln, Franklin, NC, 28734 offers $2,100/mo rent that, after a $1,385/mo payment, leaves $375/mo cash flow. Total monthly income is $2,100/mo, and annual cash flow is $4,505/yr on $93,815 cash. Return on cash invested measures 24.71% in year one, and rental yield stands at 8.9% at a $283,000 entry. Equity gained on principal adds $1,826/yr while 5% annual appreciation compounds into $78,188 by year five. Five-year ROI records 128.5% and total cumulative return in cash reaches $120,555. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,385/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.71 Acres lot
$N/A/sqft
No 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: Rashaune De La Cruz • Vignette Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280164