2702 Red Valley DrRougemontNC27572
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 Rougemont at 2702 Red Valley Dr, Rougemont, NC, 27572 uses $84,499 cash to close to unlock $2,605/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,771/mo, and a $1,248/mo payment keeps the spread at $217/mo. Purchase price stands at $254,900, and rental yield measures 8.34% with $1,771/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 119.31% and total cumulative return in cash records $100,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,771/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27572, Rougemont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 2,326 (81.4%) |
| Renter Occupied HU | 379 (13.3%) |
| Vacant Housing Units | 152 ( 5.3%) |
| Median Home Value | $366,377 |
| Average Home Value | $425,469 |
Housing Distribution
Address Breakdown
Residential
2,993
Single Family
2,993
Multi-Family
0
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Anson • Northside Realty Inc.
Mls Name: Doorify MLS
Mls ID: #10129732