1034 E Rochester DriveCashiersNC28717
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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 Cashiers at 1034 E Rochester Drive, Cashiers, NC, 28717 priced at $1,650,000 converts $3,948/mo rent into after a $8,076/mo obligation. Total monthly income equals $3,948/mo. Return on cash invested prints 5.75% in year one, and rental yield reads 2.87% against a $1,650,000 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation compiles into $455,865 by year five. Five-year ROI reaches 27% and total cumulative return in cash sums $144,353. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,948/mo property income covering a $8,076/mo payment, not borrower’s personal income.
Single Family
Built in 2012
3.15 Acres lot
$N/A/sqft
$4,875 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28717, Cashiers, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,286 (100%) |
| Owner Occupied HU | 625 (27.3%) |
| Renter Occupied HU | 143 ( 6.3%) |
| Vacant Housing Units | 1,518 (66.4%) |
| Median Home Value | $531,888 |
| Average Home Value | $750,584 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
603
Multi-Family
73
Businesses
410
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Listed by: Bambi Famous Kaine • SILVER CREEK REAL ESTATE GROUP, INC.
Mls Name: HCMLS
Mls ID: #1000345
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.