1040 Oak Ridge LnMars HillNC28754
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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 Mars Hill at 1040 Oak Ridge Ln, Mars Hill, NC, 28754 earns from $2,411/mo rent with a $2,080/mo payment. Total monthly income totals $2,411/mo. ROI tracks 18.38% on current figures, and rental yield reads 6.81% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 94.53% and total cumulative return in cash sums $133,181. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,411/mo property income instead of your personal income.
Single Family
Built in 1974
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28754, Mars Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,361 (100%) |
| Owner Occupied HU | 2,512 (57.6%) |
| Renter Occupied HU | 732 (16.8%) |
| Vacant Housing Units | 1,117 (25.6%) |
| Median Home Value | $328,571 |
| Average Home Value | $445,541 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,832
Multi-Family
57
Businesses
266
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Listed by: David Stephens • NextHome Mountain Horizons
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333820