985 Baltimore Branch RdHot SpringsNC28743
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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 Hot Springs at 985 Baltimore Branch Rd, Hot Springs, NC, 28743 generates $1,937/mo in rent, after a $1,713/mo payment. Total monthly income is $1,937/mo. Return on cash invested sits at 17.88% in year one, and rental yield is 6.64% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 91.84% and total cumulative return in cash sums $106,562. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,937/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28743, Hot Springs, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 758 (52.4%) |
| Renter Occupied HU | 230 (15.9%) |
| Vacant Housing Units | 459 (31.7%) |
| Median Home Value | $215,909 |
| Average Home Value | $249,667 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
142
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