8242 Highlands RdHIGHLANDSNC28741
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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 HIGHLANDS at 8242 Highlands Rd, HIGHLANDS, NC, 28741 uses $72,599 cash to close to unlock $1,826/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $1,072/mo payment keeps the spread at $152/mo. Purchase price stands at $219,000, and rental yield measures 8.15% with $1,487/mo rent. Return on cash invested shows 22.42% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 116.26% and total cumulative return in cash records $84,405. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28741, Highlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 1,493 (23.6%) |
| Renter Occupied HU | 393 ( 6.2%) |
| Vacant Housing Units | 4,453 (70.2%) |
| Median Home Value | $635,060 |
| Average Home Value | $737,612 |
Housing Distribution
Address Breakdown
Residential
3,186
Single Family
2,789
Multi-Family
397
Businesses
416
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Listed by: John Becker • Bald Head Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26042094