361 Rainbow Lake DrBrevardNC28712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Brevard at 361 Rainbow Lake Dr, Brevard, NC, 28712 at $315,000 posts ROI 20.04% with $11/mo cash flow from $1,931/mo rent. Total monthly income equals $1,931/mo, and annual cash flow records $132/yr on $104,423 to close. Return on cash invested measures 20.04% and rental yield reads 7.36% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 103.4% and total cumulative return in cash totals $107,969.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,931/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1963
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28712, Brevard, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,972 (100%) |
| Owner Occupied HU | 6,128 (55.9%) |
| Renter Occupied HU | 2,563 (23.4%) |
| Vacant Housing Units | 2,281 (20.8%) |
| Median Home Value | $411,050 |
| Average Home Value | $463,834 |
Housing Distribution
Address Breakdown
Residential
9,750
Single Family
9,493
Multi-Family
257
Businesses
926
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Listed by: Isaac Allen • White Squirrel Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327446