2171 Black Rock RdCherokeeNC28719
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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 Cherokee at 2171 Black Rock Rd, Cherokee, NC, 28719 uses $136,910 cash to close to unlock $3,161/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $2,780/mo, and a $2,021/mo payment keeps the spread at $263/mo. Purchase price stands at $413,000, and rental yield measures 8.08% with $2,780/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $114,104 over five years. Five-year ROI reaches 115.1% and total cumulative return in cash records $157,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,780/mo property income covering a $2,021/mo payment rather than investor’s personal income.
Single Family
Built in 2019
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28719, Cherokee, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,268 (100%) |
| Owner Occupied HU | 2,081 (63.7%) |
| Renter Occupied HU | 763 (23.3%) |
| Vacant Housing Units | 424 (13.0%) |
| Median Home Value | $222,029 |
| Average Home Value | $285,055 |
Housing Distribution
Address Breakdown
Residential
1,670
Single Family
1,586
Multi-Family
84
Businesses
258
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Listed by: Shannon Revelia • Better Homes and Gardens Real Estate Heritage
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4270256