116 Amherst RdMorgantonNC28655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morganton at 116 Amherst Rd, Morganton, NC, 28655 with 5% annual appreciation on a $350,000 basis while $2,868/mo rent supports operations. Total monthly income totals $2,868/mo and a $1,713/mo payment preserves $735/mo for cash returns. Annual cash flow comes to $8,820/yr on $116,025 deployed, and return on cash invested reaches 27.51% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 9.83%. Five-year ROI measures 143.46% and total cumulative return in cash totals $166,454.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,868/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1932
20.80 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Landers • Nest Realty Morganton
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305610