341 Covenant Rock LnHolly SpringsNC27540
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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 Holly Springs at 341 Covenant Rock Ln, Holly Springs, NC, 27540 generates $3,289/mo in rent, after a $2,986/mo payment. Total monthly income is $3,289/mo. Return on cash invested sits at 17.1% in year one, and rental yield is 6.47% on a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 87.76% and total cumulative return in cash sums $176,119. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,289/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
$199 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27540, Holly Springs, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,997 (100%) |
| Owner Occupied HU | 14,497 (76.3%) |
| Renter Occupied HU | 3,390 (17.8%) |
| Vacant Housing Units | 1,110 ( 5.8%) |
| Median Home Value | $581,989 |
| Average Home Value | $613,253 |
Housing Distribution
Address Breakdown
Residential
18,536
Single Family
17,672
Multi-Family
864
Businesses
955
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Listed by: Erica Anderson • Team Anderson Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10113276
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.