247 Haddington Dr EMill SpringNC28756
Nearby investment properties with comparable rents
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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 Mill Spring at 247 Haddington Dr E, Mill Spring, NC, 28756 offers $3,523/mo rent that, after a $1,077/mo payment, leaves $2,049/mo cash flow. Total monthly income is $3,523/mo, and annual cash flow is $24,584/yr on $72,930 cash. Return on cash invested measures 53.62% in year one, and rental yield stands at 19.22% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 284.29% and total cumulative return in cash reaches $207,335. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,523/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
2.48 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: #4033677
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