188 Heritage WayOttoNC28763
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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 Otto at 188 Heritage Way, Otto, NC, 28763 offers $2,826/mo rent that, after a $3,108/mo payment. Total monthly income is $2,826/mo. Return on cash invested measures 13.82% in year one, and rental yield stands at 5.34% at a $634,900 entry. Equity gained on principal adds $4,097/yr while 5% annual appreciation compounds into $175,411 by year five. Five-year ROI records 70.15% and total cumulative return in cash reaches $146,521. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,826/mo property income versus a $3,108/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
2.73 Acres lot
$N/A/sqft
$500 annually 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: Joseph Edmiston, Jr. • Homesmart Expert Realty (Mls Only)
Mls Name: Carolina Smokies MLS
Mls ID: #26042231
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.