506 W Blue Ridge RdEast Flat RockNC28726
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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 East Flat Rock at 506 W Blue Ridge Rd, East Flat Rock, NC, 28726 with 5% annual appreciation on a $360,000 basis while $1,796/mo rent supports operations. 91% in year one. Equity gained on principal adds $2,323/yr, and five-year appreciation sums $99,461 alongside rental yield of 5.99%. Five-year ROI measures 81.24% and total cumulative return in cash totals $96,957. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,796/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28726, East Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,399 (100%) |
| Owner Occupied HU | 777 (55.5%) |
| Renter Occupied HU | 552 (39.5%) |
| Vacant Housing Units | 70 ( 5.0%) |
| Median Home Value | $268,264 |
| Average Home Value | $275,164 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,353
Multi-Family
0
Businesses
155
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Listed by: Beth Robertson • Blue Ridge Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329461