98 Long Pine DrMills RiverNC28759
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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
Rental property for sale in Mills River at 98 Long Pine Dr, Mills River, NC, 28759 generates $2,672/mo in rent and, after a $1,366/mo payment, leaves $971/mo in cash flow. Total monthly income is $2,672/mo, and annual cash flow is $11,654/yr on $92,489 invested. Return on cash invested sits at 32.51% in year one, and rental yield is 11.49% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 170.32% and total cumulative return in cash sums $157,531. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,672/mo property income rather than buyer’s personal income.
Manufactured
Built in 1986
1.91 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Melissa Pettit • Sentinel Properties, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4264413
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-28 08:53:04 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)