949 Cove RdRutherfordtonNC28139
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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 Rutherfordton at 949 Cove Rd, Rutherfordton, NC, 28139 uses $65,969 cash to close to unlock $6,194/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $1,729/mo, and a $974/mo payment keeps the spread at $516/mo. Purchase price stands at $199,000, and rental yield measures 10.43% with $1,729/mo rent. Return on cash invested shows 29.3% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 153.14% and total cumulative return in cash records $101,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,729/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1954
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28139, Rutherfordton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,955 (100%) |
| Owner Occupied HU | 5,924 (66.2%) |
| Renter Occupied HU | 1,770 (19.8%) |
| Vacant Housing Units | 1,261 (14.1%) |
| Median Home Value | $272,538 |
| Average Home Value | $321,303 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
8,517
Multi-Family
111
Businesses
633
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Listed by: Erika Bradley • CENTURY 21 Mountain Lifestyles
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307294