Is Mills River, NC a good place to invest in rental property?

Mills River, NC has a median modeled monthly cash flow of $-2,288 and a median cap rate of 2.3%, on a median sold price of $485,000. Prices changed -4.4% year over year.

What is the average cap rate in Mills River, NC?

The median cap rate across recently sold homes in Mills River, NC is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mills River, NC?

The median sold price in Mills River, NC is $485,000 (about $262 per square foot).

Investing in Mills River, NC Real Estate

A data-driven snapshot of the Mills River, NC rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$485,000Median sold price

$262Median $/sqft

2.3%Median cap rate

$-2,288Modeled cash flow / mo

-4.4%Appreciation YoY

9.0Months of supply

128Active listings

171Sold (last 12 mo)

What the Mills River numbers say

In Mills River, NC, the median home sold for $485,000 (about $262 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-2,288 of monthly cash flow. Sold prices moved -4.4% over the past year. Inventory sits at about 9.0 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Carolina markets to compare

See Mills River cash-flowing listings

CashFlowRE ranks every for-sale home in Mills River, NC by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mills River deals, or browse the national market data.