76 Mount Meadow LnFlat RockNC28731
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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 Flat Rock at 76 Mount Meadow Ln, Flat Rock, NC, 28731 uses $74,256 cash to close to unlock $1,970/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,529/mo, and a $1,096/mo payment keeps the spread at $164/mo. Purchase price stands at $224,000, and rental yield measures 8.19% with $1,529/mo rent. Return on cash invested shows 22.56% in year one, and 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 117.01% and total cumulative return in cash records $86,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $1,096/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28731, Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,837 (100%) |
| Owner Occupied HU | 3,286 (67.9%) |
| Renter Occupied HU | 759 (15.7%) |
| Vacant Housing Units | 792 (16.4%) |
| Median Home Value | $426,195 |
| Average Home Value | $467,902 |
Housing Distribution
Address Breakdown
Residential
4,517
Single Family
4,376
Multi-Family
141
Businesses
351
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Listed by: Glori Keating • Keller Williams Mountain Partners
Mls Name: My State MLS
Mls ID: #11582376