5601 Howard Gap 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 5601 Howard Gap Rd, Flat Rock, NC, 28731 offers a 8.83% rental yield on a $359,900 purchase with $2,647/mo rent. Total monthly income registers $2,647/mo, and a $1,762/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,437/yr on $119,307 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 127.2% and total cumulative return in cash at $151,754. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,647/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.58 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: Wendy Meade-Sidorovic • Western NC Real Estate Profess
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316603