134 Bonanza DriveCullowheeNC28723
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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 Cullowhee at 134 Bonanza Drive, Cullowhee, NC, 28723 generates $3,722/mo in rent, after a $7,807/mo payment. Total monthly income is $3,722/mo. Return on cash invested sits at 6.44% in year one, and rental yield is 2.8% on a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation builds toward $440,669 over five years. Five-year ROI reaches 30.38% and total cumulative return in cash sums $157,013. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,722/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28723, Cullowhee, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,918 (100%) |
| Owner Occupied HU | 1,822 (30.8%) |
| Renter Occupied HU | 2,173 (36.7%) |
| Vacant Housing Units | 1,923 (32.5%) |
| Median Home Value | $371,691 |
| Average Home Value | $541,180 |
Housing Distribution
Address Breakdown
Residential
4,394
Single Family
4,382
Multi-Family
12
Businesses
129
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Listed by: Sam Lupas • LANDMARK REALTY GROUP, LLC - FA
Mls Name: HCMLS
Mls ID: #104179
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.