1612 Fall Creek RoadPurlearNC28665
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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 1612 Fall Creek Road, Purlear, NC, 28665 priced at $524,900 converts $1,441/mo rent into after a $2,569/mo obligation. Total monthly income equals $1,441/mo. Return on cash invested prints 7.85% in year one, and rental yield reads 3.29% against a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation compiles into $145,020 by year five. Five-year ROI reaches 38.02% and total cumulative return in cash sums $65,653. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,441/mo property income covering a $2,569/mo payment, not borrower’s personal income.
Single Family
Built in 1982
2 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: Teresa Tedder • Realty One Group Results
Mls Name: High Country AOR
Mls ID: #256663