211 Granite RdgNeboNC28761
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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 Nebo at 211 Granite Rdg, Nebo, NC, 28761 listed at $433,500 pairs $3,204/mo rent with a $2,122/mo payment to leave $562/mo cash flow. Total monthly income runs $3,204/mo, and annual cash flow reaches $6,742/yr on $143,705 cash to close. Return on cash invested measures 24.6% in year one, and rental yield registers 8.87% at a $433,500 basis. Equity gained on principal adds $2,797/yr, and annual property appreciation at 5% supports $119,768 by year five. Five-year ROI tracks 127.87% and total cumulative return in cash totals $183,753. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,204/mo property income relative to a $2,122/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
2.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28761, Nebo, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,457 (100%) |
| Owner Occupied HU | 2,949 (66.2%) |
| Renter Occupied HU | 664 (14.9%) |
| Vacant Housing Units | 844 (18.9%) |
| Median Home Value | $249,932 |
| Average Home Value | $339,791 |
Housing Distribution
Address Breakdown
Residential
4,033
Single Family
4,033
Multi-Family
0
Businesses
117
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Listed by: Holly Martin • Carolina Mountain Sales
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4300967