56 Highland Hill LnFlat RockNC28731
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Flat Rock at 56 Highland Hill Ln, Flat Rock, NC, 28731 priced at $249,900 converts $1,689/mo rent into $166/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,689/mo, and annual cash flow totals $1,993/yr on $82,842 invested. Return on cash invested prints 22.32% in year one, and rental yield reads 8.11% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 115.67% and total cumulative return in cash sums $95,822. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,689/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Manufactured
Built in 2020
N/A 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: Carolane Krzywiecki • Simple Life Communities
Mls Name: My State MLS
Mls ID: #11478088