198 Gibson Cove Estates DrFranklinNC28734
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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 198 Gibson Cove Estates Dr, Franklin, NC, 28734 priced at $385,000 pairs $2,508/mo rent with $162/mo cash flow after a $1,884/mo payment. Total monthly income equals $2,508/mo, and annual cash flow comes to $1,944/yr on $127,628 invested. Return on cash invested is 21.43% in year one, and rental yield stands at 7.82% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 110.88% and total cumulative return in cash reaches $141,514. For financing, Ziffy Mortgage’s DSCR program evaluates $2,508/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
1.05 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: Coti Tohi Lucas • Re/Max Executive (Mls Only)
Mls Name: Carolina Smokies MLS
Mls ID: #26042554