1505 Coweeta Church RdOttoNC28763
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Otto at 1505 Coweeta Church Rd, Otto, NC, 28763 offers a 10.67% rental yield on a $199,000 purchase with $1,770/mo rent. Total monthly income registers $1,770/mo, and a $974/mo payment leaves $557/mo available for distribution. Annual cash flow reaches $6,686/yr on $65,969 to close, and return on cash invested stands at 30.04% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 157.12% and total cumulative return in cash at $103,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,770/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28763, Otto, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,861 (100%) |
| Owner Occupied HU | 1,033 (55.5%) |
| Renter Occupied HU | 235 (12.6%) |
| Vacant Housing Units | 593 (31.9%) |
| Median Home Value | $313,722 |
| Average Home Value | $369,727 |
Housing Distribution
Address Breakdown
Residential
1,345
Single Family
1,345
Multi-Family
0
Businesses
73
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Nearby investment properties with comparable prices
Listed by: Diane Dillard • Re/Max Elite Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26041059
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.