601 E Blue Ridge RdEast Flat RockNC28726
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 601 E Blue Ridge Rd, East Flat Rock, NC, 28726 in East Flat Rock. Priced at $275,000, it generates $4,141/mo in gross rent and $2,465/mo in net monthly cash flow, a 18.07% yield that comfortably supports the 3.35 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $29,583. Five-year appreciation: $75,977. Equity from principal paydown: $2,533/yr. Total projected cumulative return: $262,755.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 18.1% | 6.2% |
| Monthly Cash Flow | $2,465 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,141 |
| Total Monthly Debt Service | $1,567 |
| DSCR Ratio | 2.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28726, East Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,399 (100%) |
| Owner Occupied HU | 777 (55.5%) |
| Renter Occupied HU | 552 (39.5%) |
| Vacant Housing Units | 70 ( 5.0%) |
| Median Home Value | $268,264 |
| Average Home Value | $275,164 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,353
Multi-Family
0
Businesses
155
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
Single Family
Built in 1953
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28726, East Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,399 (100%) |
| Owner Occupied HU | 777 (55.5%) |
| Renter Occupied HU | 552 (39.5%) |
| Vacant Housing Units | 70 ( 5.0%) |
| Median Home Value | $268,264 |
| Average Home Value | $275,164 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,353
Multi-Family
0
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices