246 Jordan DrFranklinNC28734
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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 Franklin at 246 Jordan Dr, Franklin, NC, 28734 generates $2,959/mo in rent and, after a $2,276/mo payment, leaves $125/mo in cash flow. Total monthly income is $2,959/mo, and annual cash flow is $1,500/yr on $154,148 invested. Return on cash invested sits at 20.88% in year one, and rental yield is 7.64% on a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 107.94% and total cumulative return in cash sums $166,379. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,959/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28734, Franklin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,187 (100%) |
| Owner Occupied HU | 10,607 (55.3%) |
| Renter Occupied HU | 3,304 (17.2%) |
| Vacant Housing Units | 5,276 (27.5%) |
| Median Home Value | $288,734 |
| Average Home Value | $333,786 |
Housing Distribution
Address Breakdown
Residential
15,135
Single Family
14,538
Multi-Family
597
Businesses
1,128
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Listed by: Danielle Serjan • Realty One Group Vibe
Mls Name: Carolina Smokies MLS
Mls ID: #26041256
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.