771 Bishop LnMill SpringNC28756
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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 Mill Spring at 771 Bishop Ln, Mill Spring, NC, 28756 earns $1,162/mo cash flow from $1,948/mo rent with a $631/mo payment. Total monthly income totals $1,948/mo, and annual cash flow totals $13,946/yr on $42,764 capital. ROI tracks 52.52% on current figures, and rental yield reads 18.12% at a $129,000 purchase. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 over five years. Five-year ROI reaches 277.7% and total cumulative return in cash sums $118,753. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,948/mo property income instead of your personal income.
Single Family
Built in 1998
1.27 Acres lot
$N/A/sqft
No HOA
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Listed by: Stephanie Wilson • Shelton Properties @ KW
Mls Name: SAR
Mls Provider:
Mls ID: #314834
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.