236 Nottingham DrMill SpringNC28756
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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 Mill Spring at 236 Nottingham Dr, Mill Spring, NC, 28756 listed at $119,000 pairs $3,568/mo rent with a $582/mo payment to leave $2,710/mo cash flow. Total monthly income runs $3,568/mo, and annual cash flow reaches $32,518/yr on $39,449 cash to close. Return on cash invested measures 102.34% in year one, and rental yield registers 35.98% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 546.22% and total cumulative return in cash totals $215,477. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,568/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Lot
Built in N/A
1.35 Acres lot
$N/A/sqft
$400 quarterly HOA
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Listed by: Margaret Edgerton • Allen Tate/Beverly-Hanks, Lake Lure
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4136471
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