9850 Old Us Highway 70Cove CityNC28523
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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 Cove City at 9850 Old Us Highway 70, Cove City, NC, 28523 earns $248/mo cash flow from $1,095/mo rent with a $680/mo payment. Total monthly income totals $1,095/mo, and annual cash flow totals $2,978/yr on $46,079 capital. ROI tracks 26.37% on current figures, and rental yield reads 9.45% at a $139,000 purchase. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 over five years. Five-year ROI reaches 137.47% and total cumulative return in cash sums $63,344. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,095/mo property income instead of your personal income.
Single Family
Built in 1939
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28523, Cove City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,150 (100%) |
| Owner Occupied HU | 808 (70.3%) |
| Renter Occupied HU | 196 (17.0%) |
| Vacant Housing Units | 146 (12.7%) |
| Median Home Value | $216,441 |
| Average Home Value | $228,175 |
Housing Distribution
Address Breakdown
Residential
1,123
Single Family
1,123
Multi-Family
0
Businesses
53
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