111 S Valley View DrMars 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
Rental property for sale in Mars Hill at 111 S Valley View Dr, Mars Hill, NC, 28754 priced at $475,000 converts $3,060/mo rent into $165/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,060/mo, and annual cash flow totals $1,980/yr on $157,463 invested. Return on cash invested prints 21.17% in year one, and rental yield reads 7.73% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 109.45% and total cumulative return in cash sums $172,339. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,060/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1992
1.20 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: Dennis Foley • Century 21 Foley Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330134