230 Lucerne DriveHighlandsNC28741
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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 Highlands at 230 Lucerne Drive, Highlands, NC, 28741 priced at $1,125,000 converts $2,972/mo rent into after a $5,506/mo obligation. Total monthly income equals $2,972/mo. Return on cash invested prints 7.58% in year one, and rental yield reads 3.17% against a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation compiles into $310,817 by year five. Five-year ROI reaches 36.51% and total cumulative return in cash sums $133,088. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,972/mo property income covering a $5,506/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28741, Highlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 1,493 (23.6%) |
| Renter Occupied HU | 393 ( 6.2%) |
| Vacant Housing Units | 4,453 (70.2%) |
| Median Home Value | $635,060 |
| Average Home Value | $737,612 |
Housing Distribution
Address Breakdown
Residential
3,186
Single Family
2,789
Multi-Family
397
Businesses
416
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Listed by: John Dotson • PREFERRED PROPERTIES
Mls Name: HCMLS
Mls ID: #103729
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.