698 W Hamlet St APT 1PinetopsNC27864
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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
Rental property for sale in Pinetops at 698 W Hamlet St APT 1, Pinetops, NC, 27864 generates $977/mo in rent and, after a $489/mo payment, leaves $368/mo in cash flow. Total monthly income is $977/mo, and annual cash flow is $4,416/yr on $33,150 invested. Return on cash invested sits at 33.23% in year one, and rental yield is 11.72% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 174.13% and total cumulative return in cash sums $57,724. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $977/mo property income rather than buyer’s personal income.
Townhouse
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27864, Pinetops, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,987 (100%) |
| Owner Occupied HU | 1,200 (60.4%) |
| Renter Occupied HU | 551 (27.7%) |
| Vacant Housing Units | 236 (11.9%) |
| Median Home Value | $129,234 |
| Average Home Value | $167,135 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,338
Multi-Family
25
Businesses
106
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Nearby investment properties with comparable prices
Listed by: Lynn Parker • Haynes Properties
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10077485
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