216 Harper RdMurphyNC28905
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 216 Harper Rd, Murphy, NC, 28905 priced at $215,000 pairs $1,549/mo rent with $239/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,549/mo, and annual cash flow comes to $2,868/yr on $71,273 invested. Return on cash invested is 23.93% in year one, and rental yield stands at 8.65% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 124.27% and total cumulative return in cash reaches $88,573. For financing, Ziffy Mortgage’s DSCR program evaluates $1,549/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
12.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28905, Marble, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,832 (100%) |
| Owner Occupied HU | 1,181 (64.5%) |
| Renter Occupied HU | 320 (17.5%) |
| Vacant Housing Units | 331 (18.1%) |
| Median Home Value | $258,529 |
| Average Home Value | $355,485 |
Housing Distribution
Address Breakdown
Residential
1,351
Single Family
1,351
Multi-Family
0
Businesses
81
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Nearby investment properties with comparable prices
Listed by: Derrick Palmer • ReMax Mountain Properties
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #153392
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.