951 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 951 Harris Mill Rd, Rougemont, NC, 27572 offers a 10.1% rental yield on a $175,000 purchase with $1,473/mo rent. Total monthly income registers $1,473/mo, and a $857/mo payment leaves $406/mo available for distribution. Annual cash flow reaches $4,872/yr on $58,013 to close, and return on cash invested stands at 28.31% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 147.75% and total cumulative return in cash at $85,711. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,473/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1979
2.69 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: Catherine Triplett • Prescott Realty & Rentals Inc
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10101968
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.