23 Duck DrMars HillNC28754
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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 Mars Hill at 23 Duck Dr, Mars Hill, NC, 28754 offers $1,746/mo rent that, after a $1,224/mo payment, leaves $222/mo cash flow. Total monthly income is $1,746/mo, and annual cash flow is $2,664/yr on $82,875 cash. Return on cash invested measures 23.12% in year one, and rental yield stands at 8.38% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 119.95% and total cumulative return in cash reaches $99,406. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,746/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28754, Mars Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,361 (100%) |
| Owner Occupied HU | 2,512 (57.6%) |
| Renter Occupied HU | 732 (16.8%) |
| Vacant Housing Units | 1,117 (25.6%) |
| Median Home Value | $328,571 |
| Average Home Value | $445,541 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,832
Multi-Family
57
Businesses
266
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Listed by: Carrie Lee Hoffman • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316829