514 King RdFlat RockNC28731
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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 Flat Rock at 514 King Rd, Flat Rock, NC, 28731 uses $147,518 cash to close to unlock $3,624/yr annual cash flow and $302/mo monthly cash flow. Total monthly income runs $3,014/mo, and a $2,178/mo payment keeps the spread at $302/mo. Purchase price stands at $445,000, and rental yield measures 8.13% with $3,014/mo rent. Return on cash invested shows 22.37% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 115.88% and total cumulative return in cash records $170,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,014/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28731, Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,837 (100%) |
| Owner Occupied HU | 3,286 (67.9%) |
| Renter Occupied HU | 759 (15.7%) |
| Vacant Housing Units | 792 (16.4%) |
| Median Home Value | $426,195 |
| Average Home Value | $467,902 |
Housing Distribution
Address Breakdown
Residential
4,517
Single Family
4,376
Multi-Family
141
Businesses
351
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Listed by: Danny Mullen • Lifestyle International Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314618