119 Forest Hill DrWest JeffersonNC28694
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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 West Jefferson at 119 Forest Hill Dr, West Jefferson, NC, 28694 listed at $474,000 pairs $3,712/mo rent with a $2,320/mo payment to leave $823/mo cash flow. Total monthly income runs $3,712/mo, and annual cash flow reaches $9,878/yr on $157,131 cash to close. Return on cash invested measures 26.2% in year one, and rental yield registers 9.4% at a $474,000 basis. Equity gained on principal adds $3,059/yr, and annual property appreciation at 5% supports $130,957 by year five. Five-year ROI tracks 136.45% and total cumulative return in cash totals $214,409. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,712/mo property income relative to a $2,320/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28694, West Jefferson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,131 (100%) |
| Owner Occupied HU | 2,726 (53.1%) |
| Renter Occupied HU | 944 (18.4%) |
| Vacant Housing Units | 1,461 (28.5%) |
| Median Home Value | $340,923 |
| Average Home Value | $381,704 |
Housing Distribution
Address Breakdown
Residential
3,816
Single Family
3,738
Multi-Family
78
Businesses
410
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Listed by: Mark Little • Realty One Group Results
Mls Name: High Country AOR
Mls Provider:
Mls ID: #253460
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.