5560 W Nc 55 HighwayCove CityNC28523
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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 Cove City at 5560 W Nc 55 Highway, Cove City, NC, 28523 listed at $175,000 pairs $1,394/mo rent with a $857/mo payment to leave $327/mo cash flow. Total monthly income runs $1,394/mo, and annual cash flow reaches $3,924/yr on $58,013 cash to close. Return on cash invested measures 26.67% in year one, and rental yield registers 9.56% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 139% and total cumulative return in cash totals $80,635. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,394/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1986
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28523, Cove City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,150 (100%) |
| Owner Occupied HU | 808 (70.3%) |
| Renter Occupied HU | 196 (17.0%) |
| Vacant Housing Units | 146 (12.7%) |
| Median Home Value | $216,441 |
| Average Home Value | $228,175 |
Housing Distribution
Address Breakdown
Residential
1,123
Single Family
1,123
Multi-Family
0
Businesses
53
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Listed by: Josh Hardison • Keller Williams Realty Points East
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100488761
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-22 19:05:28 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-22 19:05:28 PST Hive MLS