233 Youngs Cove RdCandlerNC28715
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 Candler at 233 Youngs Cove Rd, Candler, NC, 28715 priced at $470,000 converts $3,121/mo rent into $257/mo cash flow after a $2,300/mo obligation. Total monthly income equals $3,121/mo, and annual cash flow totals $3,084/yr on $155,805 invested. Return on cash invested prints 21.89% in year one, and rental yield reads 7.97% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 113.31% and total cumulative return in cash sums $176,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,121/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28715, Candler, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,024 (100%) |
| Owner Occupied HU | 8,674 (66.6%) |
| Renter Occupied HU | 3,160 (24.3%) |
| Vacant Housing Units | 1,190 ( 9.1%) |
| Median Home Value | $395,567 |
| Average Home Value | $477,276 |
Housing Distribution
Address Breakdown
Residential
12,504
Single Family
12,494
Multi-Family
10
Businesses
514
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Listed by: Matthew Mubarak • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277512