735 Harris Mill RdRougemontNC27572
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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 Rougemont at 735 Harris Mill Rd, Rougemont, NC, 27572 uses $82,842 cash to close to unlock $2,089/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,697/mo, and a $1,223/mo payment keeps the spread at $174/mo. Purchase price stands at $249,900, and rental yield measures 8.15% with $1,697/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 116.28% and total cumulative return in cash records $96,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,697/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Manufactured
Built in 1985
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27572, Rougemont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 2,326 (81.4%) |
| Renter Occupied HU | 379 (13.3%) |
| Vacant Housing Units | 152 ( 5.3%) |
| Median Home Value | $366,377 |
| Average Home Value | $425,469 |
Housing Distribution
Address Breakdown
Residential
2,993
Single Family
2,993
Multi-Family
0
Businesses
89
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Listed by: Chrishana Wilson • LPT Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10135955