191 Chowan DriveHighlandsNC28741
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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 Highlands at 191 Chowan Drive, Highlands, NC, 28741 generates $1,657/mo in rent and, after a $1,273/mo payment, leaves $72/mo in cash flow. Total monthly income is $1,657/mo, and annual cash flow is $864/yr on $86,190 invested. Return on cash invested sits at 20.91% in year one, and rental yield is 7.65% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 108.07% and total cumulative return in cash sums $93,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,657/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28741, Highlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 1,493 (23.6%) |
| Renter Occupied HU | 393 ( 6.2%) |
| Vacant Housing Units | 4,453 (70.2%) |
| Median Home Value | $635,060 |
| Average Home Value | $737,612 |
Housing Distribution
Address Breakdown
Residential
3,186
Single Family
2,789
Multi-Family
397
Businesses
416
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Listed by: John Dotson • Preferred Properties
Mls Name: HCMLS
Mls ID: #1002408