477 Mincey 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 477 Mincey Rd, Franklin, NC, 28734 earns $138/mo cash flow from $1,534/mo rent with a $1,121/mo payment. Total monthly income totals $1,534/mo, and annual cash flow totals $1,658/yr on $75,914 capital. ROI tracks 22.09% on current figures, and rental yield reads 8.04% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 114.48% and total cumulative return in cash sums $86,909. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,534/mo property income instead of your personal income.
Single Family
Built in 1965
2.39 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: Teresa R. Murray • Re/Max Elite Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26041383
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.