308 Chimney Rock RdRutherfordtonNC28139
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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 Rutherfordton at 308 Chimney Rock Rd, Rutherfordton, NC, 28139 priced at $235,000 pairs $1,936/mo rent with $504/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,936/mo, and annual cash flow comes to $6,048/yr on $77,903 invested. Return on cash invested is 27.67% in year one, and rental yield stands at 9.89% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 144.34% and total cumulative return in cash reaches $112,444. For financing, Ziffy Mortgage’s DSCR program evaluates $1,936/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1993
1.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28139, Rutherfordton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,955 (100%) |
| Owner Occupied HU | 5,924 (66.2%) |
| Renter Occupied HU | 1,770 (19.8%) |
| Vacant Housing Units | 1,261 (14.1%) |
| Median Home Value | $272,538 |
| Average Home Value | $321,303 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
8,517
Multi-Family
111
Businesses
633
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Listed by: Loyce Snider • RE/MAX Journey
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335458