62 Melrose DriveHighlandsNC28741
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
Investment property for sale in Highlands at 62 Melrose Drive, Highlands, NC, 28741 earns from $3,506/mo rent with a $4,890/mo payment. Total monthly income totals $3,506/mo. ROI tracks 10.63% on current figures, and rental yield reads 4.21% at a $999,000 purchase. Equity gained on principal adds $6,446/yr, and 5% annual appreciation supports $276,005 over five years. Five-year ROI reaches 52.93% and total cumulative return in cash sums $173,978. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,506/mo property income instead of your personal income.
Single Family
Built in 1938
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28741, Highlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 1,493 (23.6%) |
| Renter Occupied HU | 393 ( 6.2%) |
| Vacant Housing Units | 4,453 (70.2%) |
| Median Home Value | $635,060 |
| Average Home Value | $737,612 |
Housing Distribution
Address Breakdown
Residential
3,186
Single Family
2,789
Multi-Family
397
Businesses
416
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Nearby investment properties with comparable prices
Listed by: Sarah Strawn • KELLER WILLIAMS GREAT SMOKIES
Mls Name: HCMLS
Mls ID: #106501
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.