Cedar Plan, South MillsSouth MillsNC27976
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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 South Mills at Cedar Plan, South Mills, South Mills, NC, 27976 generates $2,958/mo in rent and, after a $1,860/mo payment, leaves $642/mo in cash flow. Total monthly income is $2,958/mo, and annual cash flow is $7,704/yr on $125,967 invested. Return on cash invested sits at 26.02% in year one, and rental yield is 9.34% on a $379,990 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,984 over five years. Five-year ROI reaches 135.56% and total cumulative return in cash sums $170,757. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,958/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27976, South Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,672 (100%) |
| Owner Occupied HU | 1,372 (82.1%) |
| Renter Occupied HU | 233 (13.9%) |
| Vacant Housing Units | 67 ( 4.0%) |
| Median Home Value | $343,229 |
| Average Home Value | $360,955 |
Housing Distribution
Address Breakdown
Residential
1,432
Single Family
1,432
Multi-Family
0
Businesses
43
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Listed by: N/A • Ryan Homes
Mls Name: Ryan Homes
Mls Provider:
Mls ID: #N/A