199 Cherry HlMill SpringNC28756
Nearby investment properties with comparable rents
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 Mill Spring at 199 Cherry Hl, Mill Spring, NC, 28756 priced at $100,000 pairs $3,155/mo rent with $2,413/mo cash flow after a $489/mo payment. Total monthly income equals $3,155/mo, and annual cash flow comes to $28,952/yr on $33,150 invested. Return on cash invested is 107.25% in year one, and rental yield stands at 37.86% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 572.83% and total cumulative return in cash reaches $189,892. For financing, Ziffy Mortgage’s DSCR program evaluates $3,155/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
3.78 Acres lot
$N/A/sqft
$400 quarterly HOA
Nearby investment properties with comparable rents
Listed by: JJ Murphy • Allen Tate/Beverly-Hanks Hendersonville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4143523
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