238 Nottingham DrMill SpringNC28756
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 238 Nottingham Dr, Mill Spring, NC, 28756 in Mill Spring: $3,568/mo in rent, $2,526/mo net, 28.73% gross yield, all on a $149,000 acquisition. The 5.33 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $41,166 in value, and $1,372/yr in principal paydown steadily builds equity. Projected total cumulative return: $219,604.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 28.7% | 6.2% |
| Monthly Cash Flow | $2,526 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,568 |
| Total Monthly Debt Service | $982 |
| DSCR Ratio | 3.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
1.34 Acres lot
$N/A/sqft
$400 quarterly HOA
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
Lot
Built in N/A
1.34 Acres lot
$N/A/sqft
$400 quarterly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JJ Murphy • Allen Tate/Beverly-Hanks Hendersonville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4156270
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)