2311 Old Mountain RdMars 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
Investment property for sale in Mars Hill at 2311 Old Mountain Rd, Mars Hill, NC, 28754 listed at $569,000 pairs $3,379/mo rent with a $2,785/mo payment. Total monthly income runs $3,379/mo. Return on cash invested measures 19.49% in year one, and rental yield registers 7.13% at a $569,000 basis. Equity gained on principal adds $3,672/yr, and annual property appreciation at 5% supports $157,204 by year five. Five-year ROI tracks 100.45% and total cumulative return in cash totals $188,051. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,379/mo property income relative to a $2,785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
8.85 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: Gordon Welch • Keller Williams - Weaverville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280251