233 Strawberry Hill RoadCullowheeNC28723
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 Cullowhee at 233 Strawberry Hill Road, Cullowhee, NC, 28723 priced at $499,000 converts $1,980/mo rent into after a $2,442/mo obligation. Total monthly income equals $1,980/mo. Return on cash invested prints 11.47% in year one, and rental yield reads 4.76% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 57.76% and total cumulative return in cash sums $95,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1979
1.12 Acres lot
$N/A/sqft
$1,225 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28723, Cullowhee, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,918 (100%) |
| Owner Occupied HU | 1,822 (30.8%) |
| Renter Occupied HU | 2,173 (36.7%) |
| Vacant Housing Units | 1,923 (32.5%) |
| Median Home Value | $371,691 |
| Average Home Value | $541,180 |
Housing Distribution
Address Breakdown
Residential
4,394
Single Family
4,382
Multi-Family
12
Businesses
129
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Merry Soellner • Cashiers Sotheby's International Realty
Mls Name: HCMLS
Mls ID: #1001009
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.