4662 Rainbow Springs 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
Investment property for sale in Franklin at 4662 Rainbow Springs Rd, Franklin, NC, 28734 offers a 2.29% rental yield on a $1,100,000 purchase with $2,100/mo rent. 87% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 21.96% and total cumulative return in cash at $78,259. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
7.76 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: Holly Fletcher • Real Estate Professionals of Haywood County
Mls Name: NGBOR
Mls ID: #420331