66 Forrest LaneHighlandsNC28741
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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
Investment property for sale in Highlands at 66 Forrest Lane, Highlands, NC, 28741 earns $697/mo cash flow from $4,963/mo rent with a $3,426/mo payment. Total monthly income totals $4,963/mo, and annual cash flow totals $8,364/yr on $230,300 capital. ROI tracks 23.69% on current figures, and rental yield reads 8.51% at a $700,000 purchase. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,397 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash sums $283,180. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,963/mo property income instead of your personal income.
Single Family
Built in 1971
0.51 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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Listed by: Katy Postell • Berkshire Hathaway HomeServices Meadows Mountain Realty - HF
Mls Name: HCMLS
Mls ID: #1001810