291 Chowan DriveHighlandsNC28741
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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 Highlands at 291 Chowan Drive, Highlands, NC, 28741 priced at $749,999 pairs $1,980/mo rent with after a $3,671/mo payment. Total monthly income equals $1,980/mo. Return on cash invested is 7.46% in year one, and rental yield stands at 3.17% on a $749,999 basis. Equity gained on principal adds $4,840/yr, and 5% annual appreciation accumulates to $207,211 by year five. Five-year ROI measures 35.91% and total cumulative return in cash reaches $88,613. For financing, Ziffy Mortgage’s DSCR program evaluates $1,980/mo property income against a $3,671/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
0.27 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
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Listed by: W. Terry Potts • COUNTRY CLUB PROPERTIES
Mls Name: HCMLS
Mls ID: #104017
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.