506 Chapel Hill DrFranklinNC28734
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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 506 Chapel Hill Dr, Franklin, NC, 28734 offers $3,734/mo rent that, after a $2,887/mo payment, leaves $139/mo cash flow. Total monthly income is $3,734/mo, and annual cash flow is $1,669/yr on $194,077 cash. Return on cash invested measures 20.92% in year one, and rental yield stands at 7.6% at a $589,900 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $162,978 by year five. Five-year ROI records 108.13% and total cumulative return in cash reaches $209,853. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,734/mo property income versus a $2,887/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
2.13 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: Katelyn Vanderwoude • Re/Max Elite Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26041974