3102 Cove RdUnion MillsNC28167
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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 Union Mills at 3102 Cove Rd, Union Mills, NC, 28167 earns from $0/mo rent with a $661/mo payment. Total monthly income totals $0/mo. ROI tracks -2.16% on current figures, and rental yield reads 0% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1960
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28167, Union Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,327 (100%) |
| Owner Occupied HU | 916 (69.0%) |
| Renter Occupied HU | 171 (12.9%) |
| Vacant Housing Units | 240 (18.1%) |
| Median Home Value | $320,000 |
| Average Home Value | $419,132 |
Housing Distribution
Address Breakdown
Residential
1,291
Single Family
1,291
Multi-Family
0
Businesses
40
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No similar rental properties found nearby.
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Listed by: Sandi Dingler • RE/MAX Legendary
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320378