213 Ritter RdHayesvilleNC28904
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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 Hayesville at 213 Ritter Rd, Hayesville, NC, 28904 generates $2,842/mo in rent and, after a $1,884/mo payment, leaves $496/mo in cash flow. Total monthly income is $2,842/mo, and annual cash flow is $5,952/yr on $127,628 invested. Return on cash invested sits at 24.57% in year one, and rental yield is 8.86% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 127.7% and total cumulative return in cash sums $162,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,842/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28904, Hayesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,753 (100%) |
| Owner Occupied HU | 3,559 (52.7%) |
| Renter Occupied HU | 944 (14.0%) |
| Vacant Housing Units | 2,250 (33.3%) |
| Median Home Value | $409,328 |
| Average Home Value | $448,304 |
Housing Distribution
Address Breakdown
Residential
5,072
Single Family
5,072
Multi-Family
0
Businesses
430
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Listed by: Michael Anderson • Century 21 Black Bear Realty
Mls Name: NGBOR
Mls ID: #415329
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.