585 Bonfire DrFranklinNC28734
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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
Rental property for sale in Franklin at 585 Bonfire Dr, Franklin, NC, 28734 priced at $200,000 converts $1,363/mo rent into $144/mo cash flow after a $979/mo obligation. Total monthly income equals $1,363/mo, and annual cash flow totals $1,728/yr on $66,300 invested. Return on cash invested prints 22.52% in year one, and rental yield reads 8.18% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 116.68% and total cumulative return in cash sums $77,360. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,363/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1983
2.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28734, Franklin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,187 (100%) |
| Owner Occupied HU | 10,607 (55.3%) |
| Renter Occupied HU | 3,304 (17.2%) |
| Vacant Housing Units | 5,276 (27.5%) |
| Median Home Value | $288,734 |
| Average Home Value | $333,786 |
Housing Distribution
Address Breakdown
Residential
15,135
Single Family
14,538
Multi-Family
597
Businesses
1,128
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Listed by: John Evans • Re/Max Elite Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26041455