117 River Look DrBurnsvilleNC28714
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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 Burnsville at 117 River Look Dr, Burnsville, NC, 28714 offers a 10.48% rental yield on a $249,500 purchase with $2,180/mo rent. Total monthly income registers $2,180/mo, and a $1,221/mo payment leaves $660/mo available for distribution. Annual cash flow reaches $7,915/yr on $82,709 to close, and return on cash invested stands at 29.48% in year one. Equity gained on principal adds $1,610/yr while 5% annual appreciation supports $68,932 over five years. Portfolio math shows five-year ROI at 154.05% and total cumulative return in cash at $127,413. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,180/mo property income against a $1,221/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28714, Burnsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,214 (100%) |
| Owner Occupied HU | 5,804 (56.8%) |
| Renter Occupied HU | 1,805 (17.7%) |
| Vacant Housing Units | 2,605 (25.5%) |
| Median Home Value | $289,107 |
| Average Home Value | $347,795 |
Housing Distribution
Address Breakdown
Residential
8,267
Single Family
7,880
Multi-Family
387
Businesses
523
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Listed by: Susan Buchanan • Carolina Mountain Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309973