270 Mills River WayHorse ShoeNC28742
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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 Horse Shoe at 270 Mills River Way, Horse Shoe, NC, 28742 earns $191/mo cash flow from $2,759/mo rent with a $1,936/mo payment. Total monthly income totals $2,759/mo, and annual cash flow totals $2,289/yr on $131,108 capital. ROI tracks 21.65% on current figures, and rental yield reads 8.37% at a $395,500 purchase. Equity gained on principal adds $2,552/yr, and 5% annual appreciation supports $109,269 over five years. Five-year ROI reaches 112.61% and total cumulative return in cash sums $147,643. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,759/mo property income instead of your personal income.
Single Family
Built in 1965
5.88 Acres lot
$N/A/sqft
$1,892 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28742, Horse Shoe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,524 (100%) |
| Owner Occupied HU | 1,172 (76.9%) |
| Renter Occupied HU | 228 (15.0%) |
| Vacant Housing Units | 124 ( 8.1%) |
| Median Home Value | $419,289 |
| Average Home Value | $536,320 |
Housing Distribution
Address Breakdown
Residential
1,192
Single Family
1,177
Multi-Family
15
Businesses
101
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Listed by: Scott McElrath • H Scott & Associates
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4190323
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 11:58:54 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)