2338 El Miner 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
Investment property for sale in Mars Hill at 2338 El Miner Dr, Mars Hill, NC, 28754 uses $312,550 cash to close to unlock $17,280/yr annual cash flow and $1,440/mo monthly cash flow. Total monthly income runs $7,230/mo, and a $4,650/mo payment keeps the spread at $1,440/mo. Purchase price stands at $950,000, and rental yield measures 9.13% with $7,230/mo rent. Return on cash invested shows 25.59% in year one, and 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 133.14% and total cumulative return in cash records $416,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,230/mo property income covering a $4,650/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.80 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: Valeria Carrizo-Wyda • Nest Realty Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322758