141 Willets Point BlvdNeboNC28761
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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 Nebo at 141 Willets Point Blvd, Nebo, NC, 28761 generates $1,493/mo in rent and, after a $978/mo payment, leaves $275/mo in cash flow. Total monthly income is $1,493/mo, and annual cash flow is $3,301/yr on $66,267 invested. Return on cash invested sits at 24.89% in year one, and rental yield is 8.96% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 129.48% and total cumulative return in cash sums $85,801. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,493/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28761, Nebo, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,457 (100%) |
| Owner Occupied HU | 2,949 (66.2%) |
| Renter Occupied HU | 664 (14.9%) |
| Vacant Housing Units | 844 (18.9%) |
| Median Home Value | $249,932 |
| Average Home Value | $339,791 |
Housing Distribution
Address Breakdown
Residential
4,033
Single Family
4,033
Multi-Family
0
Businesses
117
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Listed by: Amy Crowder • Looking Glass Realty AVL LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4313167