626 Fairview LoopHot SpringsNC28743
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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 Hot Springs at 626 Fairview Loop, Hot Springs, NC, 28743 priced at $400,000 converts $2,174/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,174/mo. Return on cash invested prints 17.52% in year one, and rental yield reads 6.52% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 89.89% and total cumulative return in cash sums $119,200. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,174/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1950
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28743, Hot Springs, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 758 (52.4%) |
| Renter Occupied HU | 230 (15.9%) |
| Vacant Housing Units | 459 (31.7%) |
| Median Home Value | $215,909 |
| Average Home Value | $249,667 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
142
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Listed by: Dan Hodges • Mountain Real Estate Rocks
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4302454