240 Laurel Heights RoadHighlandsNC28741
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
Investment property for sale in Highlands at 240 Laurel Heights Road, Highlands, NC, 28741 at $1,595,000 posts ROI 7.52% with from $4,186/mo rent. Total monthly income equals $4,186/mo. Return on cash invested measures 7.52% and rental yield reads 3.15% at the current $1,595,000. Equity gained on principal adds $10,292/yr, and 5% annual appreciation supports $440,669 by year five. Five-year ROI prints 36.16% and total cumulative return in cash totals $186,881. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,186/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
3.73 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judith Michaud • Berkshire Hathaway HomeServices Meadows Mountain Realty
Mls Name: HCMLS
Mls ID: #1001939