240 Devore 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 240 Devore Rd, Murphy, NC, 28906 listed at $274,800 pairs $2,108/mo rent with a $1,345/mo payment to leave $392/mo cash flow. Total monthly income runs $2,108/mo, and annual cash flow reaches $4,699/yr on $91,096 cash to close. Return on cash invested measures 25.07% in year one, and rental yield registers 9.21% at a $274,800 basis. Equity gained on principal adds $1,773/yr, and annual property appreciation at 5% supports $75,922 by year five. Five-year ROI tracks 130.59% and total cumulative return in cash totals $118,964. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,108/mo property income relative to a $1,345/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
1.75 Acres lot
$N/A/sqft
$500 annually 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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Listed by: Poltrock Team • ReMax Mountain Properties
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #153814
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.