321 Flat Creek RdBlack MountainNC28711
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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 Black Mountain at 321 Flat Creek Rd, Black Mountain, NC, 28711 offers a 4.42% rental yield on a $400,000 purchase with $1,475/mo rent. 19% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 55.98% and total cumulative return in cash at $74,224. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,475/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
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Listed by: Jude Welsh • Carolina Mountain Sales
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284477