217 Hope DrRutherfordtonNC28139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rutherfordton at 217 Hope Dr, Rutherfordton, NC, 28139 priced at $337,500 pairs $2,480/mo rent with $423/mo cash flow after a $1,652/mo payment. Total monthly income equals $2,480/mo, and annual cash flow comes to $5,076/yr on $111,881 invested. Return on cash invested is 24.45% in year one, and rental yield stands at 8.82% on a $337,500 basis. Equity gained on principal adds $2,178/yr, and 5% annual appreciation accumulates to $93,245 by year five. Five-year ROI measures 127.05% and total cumulative return in cash reaches $142,141. For financing, Ziffy Mortgage’s DSCR program evaluates $2,480/mo property income against a $1,652/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28139, Rutherfordton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,955 (100%) |
| Owner Occupied HU | 5,924 (66.2%) |
| Renter Occupied HU | 1,770 (19.8%) |
| Vacant Housing Units | 1,261 (14.1%) |
| Median Home Value | $272,538 |
| Average Home Value | $321,303 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
8,517
Multi-Family
111
Businesses
633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angelia McDowell • Premier Sothebys International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4313924