49/50 Chestnut WalkHighlandsNC28741
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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 Highlands at 49/50 Chestnut Walk, Highlands, NC, 28741 priced at $625,000 pairs $3,151/mo rent with after a $3,059/mo payment. Total monthly income equals $3,151/mo. Return on cash invested is 16.07% in year one, and rental yield stands at 6.05% on a $625,000 basis. Equity gained on principal adds $4,033/yr, and 5% annual appreciation accumulates to $172,676 by year five. Five-year ROI measures 82.16% and total cumulative return in cash reaches $168,949. For financing, Ziffy Mortgage’s DSCR program evaluates $3,151/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2007
1,742 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28741, Highlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 1,493 (23.6%) |
| Renter Occupied HU | 393 ( 6.2%) |
| Vacant Housing Units | 4,453 (70.2%) |
| Median Home Value | $635,060 |
| Average Home Value | $737,612 |
Housing Distribution
Address Breakdown
Residential
3,186
Single Family
2,789
Multi-Family
397
Businesses
416
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Listed by: Karen Armor • COUNTRY CLUB PROPERTIES
Mls Name: HCMLS
Mls ID: #1000009
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.