70 Summit Hill Dr APT 11FranklinNC28734
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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 Franklin at 70 Summit Hill Dr APT 11, Franklin, NC, 28734 uses $49,692 cash to close to unlock $2,689/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,138/mo, and a $734/mo payment keeps the spread at $224/mo. Purchase price stands at $149,900, and rental yield measures 9.11% with $1,138/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 131.85% and total cumulative return in cash records $65,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,138/mo property income covering a $734/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28734, Franklin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,187 (100%) |
| Owner Occupied HU | 10,607 (55.3%) |
| Renter Occupied HU | 3,304 (17.2%) |
| Vacant Housing Units | 5,276 (27.5%) |
| Median Home Value | $288,734 |
| Average Home Value | $333,786 |
Housing Distribution
Address Breakdown
Residential
15,135
Single Family
14,538
Multi-Family
597
Businesses
1,128
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Listed by: Larry Rogers • Lamplighter Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26041953