2 Foster Creek RdHorse ShoeNC28742
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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 Horse Shoe at 2 Foster Creek Rd, Horse Shoe, NC, 28742 priced at $350,000 converts $1,734/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,734/mo. Return on cash invested prints 15.78% in year one, and rental yield reads 5.95% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 80.59% and total cumulative return in cash sums $93,506. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,734/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28742, Horse Shoe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,524 (100%) |
| Owner Occupied HU | 1,172 (76.9%) |
| Renter Occupied HU | 228 (15.0%) |
| Vacant Housing Units | 124 ( 8.1%) |
| Median Home Value | $419,289 |
| Average Home Value | $536,320 |
Housing Distribution
Address Breakdown
Residential
1,192
Single Family
1,177
Multi-Family
15
Businesses
101
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Listed by: Debi Morris • Century 21 Mountain Lifestyles/S. Hend
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298441