196 Creekside DrMurphyNC28906
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 Murphy at 196 Creekside Dr, Murphy, NC, 28906 priced at $230,000 pairs $2,083/mo rent with $681/mo cash flow after a $1,126/mo payment. Total monthly income equals $2,083/mo, and annual cash flow comes to $8,172/yr on $76,245 invested. Return on cash invested is 30.63% in year one, and rental yield stands at 10.87% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 160.17% and total cumulative return in cash reaches $122,119. For financing, Ziffy Mortgage’s DSCR program evaluates $2,083/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28906, Murphy, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,243 (100%) |
| Owner Occupied HU | 8,280 (58.1%) |
| Renter Occupied HU | 1,714 (12.0%) |
| Vacant Housing Units | 4,249 (29.8%) |
| Median Home Value | $281,405 |
| Average Home Value | $314,832 |
Housing Distribution
Address Breakdown
Residential
11,666
Single Family
11,662
Multi-Family
4
Businesses
963
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Listed by: Howard & Mayfield Group • ReMax Town & Country - Blairsville
Mls Name: Mountain Lakes BOR
Mls ID: #154294