31 Fieldstone DrFranklinNC28734
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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 Franklin at 31 Fieldstone Dr, Franklin, NC, 28734 uses $43,427 cash to close to unlock $2,650/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,019/mo, and a $641/mo payment keeps the spread at $221/mo. Purchase price stands at $131,000, and rental yield measures 9.33% with $1,019/mo rent. Return on cash invested shows 26.01% in year one, and 5% annual appreciation builds toward $36,193 over five years. Five-year ROI reaches 135.47% and total cumulative return in cash records $58,829. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,019/mo property income covering a $641/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28734, Franklin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,187 (100%) |
| Owner Occupied HU | 10,607 (55.3%) |
| Renter Occupied HU | 3,304 (17.2%) |
| Vacant Housing Units | 5,276 (27.5%) |
| Median Home Value | $288,734 |
| Average Home Value | $333,786 |
Housing Distribution
Address Breakdown
Residential
15,135
Single Family
14,538
Multi-Family
597
Businesses
1,128
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Listed by: Daniel O'connell • Exp Realty, LLC (Mls Only)
Mls Name: Carolina Smokies MLS
Mls ID: #26042872