216 Peach StSouth MillsNC27976
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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
Investment property for sale in South Mills at 216 Peach St, South Mills, NC, 27976 uses $93,148 cash to close to unlock $2,014/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,880/mo, and a $1,375/mo payment keeps the spread at $168/mo. Purchase price stands at $280,990, and rental yield measures 8.03% with $1,880/mo rent. Return on cash invested shows 22.07% in year one, and 5% annual appreciation builds toward $77,632 over five years. Five-year ROI reaches 114.3% and total cumulative return in cash records $106,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,880/mo property income covering a $1,375/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27976, South Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,672 (100%) |
| Owner Occupied HU | 1,372 (82.1%) |
| Renter Occupied HU | 233 (13.9%) |
| Vacant Housing Units | 67 ( 4.0%) |
| Median Home Value | $343,229 |
| Average Home Value | $360,955 |
Housing Distribution
Address Breakdown
Residential
1,432
Single Family
1,432
Multi-Family
0
Businesses
43
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Listed by: Terri Stickle • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10613490