41 Flat Creek DriveGlenvilleNC28736
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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 Glenville at 41 Flat Creek Drive, Glenville, NC, 28736 offers $4,553/mo rent that, after a $6,965/mo payment. Total monthly income is $4,553/mo. Return on cash invested measures 9.65% in year one, and rental yield stands at 3.84% at a $1,423,000 entry. Equity gained on principal adds $9,182/yr while 5% annual appreciation compounds into $393,149 by year five. Five-year ROI records 47.59% and total cumulative return in cash reaches $219,424. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,553/mo property income versus a $6,965/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
5.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28736, Glenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 355 (29.0%) |
| Renter Occupied HU | 100 ( 8.2%) |
| Vacant Housing Units | 768 (62.8%) |
| Median Home Value | $439,063 |
| Average Home Value | $540,718 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
52
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Listed by: Lisa Chester • ALLEN TATE - CASHIERS
Mls Name: HCMLS
Mls ID: #105859
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.