5 Rustic Ridge DrCandlerNC28715
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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 Candler at 5 Rustic Ridge Dr, Candler, NC, 28715 priced at $525,000 converts $2,680/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,680/mo. Return on cash invested prints 16.45% in year one, and rental yield reads 6.13% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 84.11% and total cumulative return in cash sums $145,281. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,680/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1996
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28715, Candler, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,024 (100%) |
| Owner Occupied HU | 8,674 (66.6%) |
| Renter Occupied HU | 3,160 (24.3%) |
| Vacant Housing Units | 1,190 ( 9.1%) |
| Median Home Value | $395,567 |
| Average Home Value | $477,276 |
Housing Distribution
Address Breakdown
Residential
12,504
Single Family
12,494
Multi-Family
10
Businesses
514
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Listed by: Michelle Freeman • C Shane Cook & Associates
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312095