2229 Caney Creek RdMurphyNC28906
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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 Murphy at 2229 Caney Creek Rd, Murphy, NC, 28906 uses $49,725 cash to close to unlock $14,402/yr annual cash flow and $1,200/mo monthly cash flow. Total monthly income runs $2,142/mo, and a $734/mo payment keeps the spread at $1,200/mo. Purchase price stands at $150,000, and rental yield measures 17.14% with $2,142/mo rent. Return on cash invested shows 48.87% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 258.38% and total cumulative return in cash records $128,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,142/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 2006
5.16 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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