22 Holland Farm RdAndrewsNC28901
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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 Andrews at 22 Holland Farm Rd, Andrews, NC, 28901 priced at $489,000 converts $2,742/mo rent into after a $2,393/mo obligation. Total monthly income equals $2,742/mo. Return on cash invested prints 18.15% in year one, and rental yield reads 6.73% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 93.29% and total cumulative return in cash sums $151,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,742/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1978
9.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28901, Andrews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 1,686 (56.1%) |
| Renter Occupied HU | 624 (20.8%) |
| Vacant Housing Units | 695 (23.1%) |
| Median Home Value | $232,199 |
| Average Home Value | $249,720 |
Housing Distribution
Address Breakdown
Residential
1,798
Single Family
1,785
Multi-Family
13
Businesses
249
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Nearby investment properties with comparable prices
Listed by: Dana Suzanne McLelland • Dana H Jones Realty
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #151633
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.