186 Smith Knob RdAndrewsNC28901
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
Rental property for sale in Andrews at 186 Smith Knob Rd, Andrews, NC, 28901 priced at $299,000 pairs $2,520/mo rent with $698/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,520/mo, and annual cash flow comes to $8,378/yr on $99,119 invested. Return on cash invested is 28.36% in year one, and rental yield stands at 10.11% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 148.08% and total cumulative return in cash reaches $146,770. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28901, Andrews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 1,686 (56.1%) |
| Renter Occupied HU | 624 (20.8%) |
| Vacant Housing Units | 695 (23.1%) |
| Median Home Value | $232,199 |
| Average Home Value | $249,720 |
Housing Distribution
Address Breakdown
Residential
1,798
Single Family
1,785
Multi-Family
13
Businesses
249
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Nearby investment properties with comparable prices
Listed by: Kandy Barnard • Valleytown Realty
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #148647
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.