151 Cascade DrivePurlearNC28665
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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 Purlear at 151 Cascade Drive, Purlear, NC, 28665 priced at $399,900 pairs $1,231/mo rent with after a $1,957/mo payment. Total monthly income equals $1,231/mo. Return on cash invested is 8.99% in year one, and rental yield stands at 3.69% on a $399,900 basis. Equity gained on principal adds $2,580/yr, and 5% annual appreciation accumulates to $110,485 by year five. Five-year ROI measures 44.22% and total cumulative return in cash reaches $58,616. For financing, Ziffy Mortgage’s DSCR program evaluates $1,231/mo property income against a $1,957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28665, Purlear, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,368 (100%) |
| Owner Occupied HU | 860 (62.9%) |
| Renter Occupied HU | 187 (13.7%) |
| Vacant Housing Units | 321 (23.5%) |
| Median Home Value | $205,952 |
| Average Home Value | $255,049 |
Housing Distribution
Address Breakdown
Residential
1,224
Single Family
1,224
Multi-Family
0
Businesses
27
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Listed by: Robert Novacek • Blowing Rock Properties, Inc
Mls Name: High Country AOR
Mls ID: #257799