14 Fitzgerald RdBlack MountainNC28711
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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 Black Mountain at 14 Fitzgerald Rd, Black Mountain, NC, 28711 priced at $1,250,000 converts $3,917/mo rent into after a $6,118/mo obligation. Total monthly income equals $3,917/mo. Return on cash invested prints 9.4% in year one, and rental yield reads 3.76% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 46.28% and total cumulative return in cash sums $187,429. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,917/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Townhouse
Built in 2017
0.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
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Listed by: Duke Woodson • Coldwell Banker Advantage
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4290835