508 Harris Mill RdRougemontNC27572
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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 Rougemont at 508 Harris Mill Rd, Rougemont, NC, 27572 priced at $500,000 converts $2,436/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,436/mo. Return on cash invested prints 15.49% in year one, and rental yield reads 5.85% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 78.98% and total cumulative return in cash sums $130,916. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,436/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2009
4.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27572, Rougemont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 2,326 (81.4%) |
| Renter Occupied HU | 379 (13.3%) |
| Vacant Housing Units | 152 ( 5.3%) |
| Median Home Value | $366,377 |
| Average Home Value | $425,469 |
Housing Distribution
Address Breakdown
Residential
2,993
Single Family
2,993
Multi-Family
0
Businesses
89
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Listed by: Jeanette Hussey • West & Woodall Real Estate - D
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10113305
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.