510 5th Street #12AHighlandsNC28741
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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 Highlands at 510 5th Street #12A, Highlands, NC, 28741 listed at $575,000 pairs $1,902/mo rent with a $2,814/mo payment. Total monthly income runs $1,902/mo. Return on cash invested measures 9.9% in year one, and rental yield registers 3.97% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 49% and total cumulative return in cash totals $92,687. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,902/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
871.20 sqft lot
$N/A/sqft
No 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: W. Terry Potts • Country Club Properties
Mls Name: HCMLS
Mls ID: #1001811