1675 Ponder Creek RdMars HillNC28754
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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
Investment property for sale in Mars Hill at 1675 Ponder Creek Rd, Mars Hill, NC, 28754 uses $107,738 cash to close to unlock $8,892/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $2,722/mo, and a $1,591/mo payment keeps the spread at $741/mo. Purchase price stands at $325,000, and rental yield measures 10.05% with $2,722/mo rent. Return on cash invested shows 28.16% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 146.97% and total cumulative return in cash records $158,341. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,722/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1968
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28754, Mars Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,361 (100%) |
| Owner Occupied HU | 2,512 (57.6%) |
| Renter Occupied HU | 732 (16.8%) |
| Vacant Housing Units | 1,117 (25.6%) |
| Median Home Value | $328,571 |
| Average Home Value | $445,541 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,832
Multi-Family
57
Businesses
266
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Listed by: Ryan Foley • Century 21 Foley Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318922