178 Purdy LnOttoNC28763
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 178 Purdy Ln, Otto, NC, 28763 at $299,900 posts ROI 15.82% with from $1,489/mo rent. Total monthly income equals $1,489/mo. Return on cash invested measures 15.82% and rental yield reads 5.96% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 80.83% and total cumulative return in cash totals $80,356. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,489/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
2.65 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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Listed by: Matthew Iannuzzi • Unique Properties Of Franklin
Mls Name: Carolina Smokies MLS
Mls ID: #26042830