65 Philips CtFletcherNC28732
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
Rental property for sale in Fletcher at 65 Philips Ct, Fletcher, NC, 28732 priced at $319,900 converts $3,098/mo rent into $1,148/mo cash flow after a $1,566/mo obligation. Total monthly income equals $3,098/mo, and annual cash flow totals $13,777/yr on $106,047 invested. Return on cash invested prints 32.9% in year one, and rental yield reads 11.62% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 172.43% and total cumulative return in cash sums $182,852. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,098/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Manufactured
Built in 2006
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28732, Fletcher, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 6,356 (72.9%) |
| Renter Occupied HU | 1,760 (20.2%) |
| Vacant Housing Units | 608 ( 7.0%) |
| Median Home Value | $396,542 |
| Average Home Value | $531,826 |
Housing Distribution
Address Breakdown
Residential
8,256
Single Family
8,255
Multi-Family
1
Businesses
633
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Listed by: Lee Stepp • Howard Hanna Beverly-Hanks
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331850