198 Just Wandering LnFlat RockNC28731
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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 Flat Rock at 198 Just Wandering Ln, Flat Rock, NC, 28731 priced at $156,900 pairs $1,189/mo rent with after a $768/mo payment. Total monthly income equals $1,189/mo. Return on cash invested is 3.59% in year one, and rental yield stands at 9.09% on a $156,900 basis. Equity gained on principal adds $1,012/yr, and 5% annual appreciation accumulates to $43,349 by year five. Five-year ROI measures 23.09% and total cumulative return in cash reaches $12,012. For financing, Ziffy Mortgage’s DSCR program evaluates $1,189/mo property income against a $768/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2018
N/A lot
$N/A/sqft
$940 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28731, Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,837 (100%) |
| Owner Occupied HU | 3,286 (67.9%) |
| Renter Occupied HU | 759 (15.7%) |
| Vacant Housing Units | 792 (16.4%) |
| Median Home Value | $426,195 |
| Average Home Value | $467,902 |
Housing Distribution
Address Breakdown
Residential
4,517
Single Family
4,376
Multi-Family
141
Businesses
351
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Listed by: Kimberly Miller Reynolds • CENTURY 21 CONNECTED
Mls Name: My State MLS
Mls ID: #11532010