645 Cole Mountain CircleHighlandsNC28741
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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 645 Cole Mountain Circle, Highlands, NC, 28741 offers a 9.05% rental yield on a $399,000 purchase with $3,008/mo rent. Total monthly income registers $3,008/mo, and a $1,953/mo payment leaves $576/mo available for distribution. Annual cash flow reaches $6,914/yr on $132,269 to close, and return on cash invested stands at 25.14% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 130.77% and total cumulative return in cash at $172,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,008/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.83 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: Josephine Lovell • Highlands Sotheby's International Realty - DT
Mls Name: HCMLS
Mls ID: #1000374
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.