43 Shope Cove RdFranklinNC28734
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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 Franklin at 43 Shope Cove Rd, Franklin, NC, 28734 offers $2,899/mo rent that, after a $2,100/mo payment, leaves $284/mo cash flow. Total monthly income is $2,899/mo, and annual cash flow is $3,410/yr on $142,214 cash. Return on cash invested measures 22.31% in year one, and rental yield stands at 8.11% at a $429,000 entry. Equity gained on principal adds $2,768/yr while 5% annual appreciation compounds into $118,525 by year five. Five-year ROI records 115.59% and total cumulative return in cash reaches $164,389. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,899/mo property income versus a $2,100/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
5.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28734, Franklin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,187 (100%) |
| Owner Occupied HU | 10,607 (55.3%) |
| Renter Occupied HU | 3,304 (17.2%) |
| Vacant Housing Units | 5,276 (27.5%) |
| Median Home Value | $288,734 |
| Average Home Value | $333,786 |
Housing Distribution
Address Breakdown
Residential
15,135
Single Family
14,538
Multi-Family
597
Businesses
1,128
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Listed by: Anna Stager • Unique Properties Of Franklin
Mls Name: Carolina Smokies MLS
Mls ID: #26041612