241 Fairway View DrEtowahNC28729
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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 Etowah at 241 Fairway View Dr, Etowah, NC, 28729 earns from $3,031/mo rent with a $2,496/mo payment. Total monthly income totals $3,031/mo. ROI tracks 18.65% on current figures, and rental yield reads 7.13% at a $509,900 purchase. Equity gained on principal adds $3,290/yr, and 5% annual appreciation supports $140,876 over five years. Five-year ROI reaches 96.28% and total cumulative return in cash sums $161,516. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,031/mo property income instead of your personal income.
Single Family
Built in 2004
0.18 Acres lot
$N/A/sqft
$120 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28729, Etowah, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,518 (100%) |
| Owner Occupied HU | 1,220 (80.4%) |
| Renter Occupied HU | 158 (10.4%) |
| Vacant Housing Units | 140 ( 9.2%) |
| Median Home Value | $364,130 |
| Average Home Value | $533,121 |
Housing Distribution
Address Breakdown
Residential
1,285
Single Family
1,285
Multi-Family
0
Businesses
147
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Listed by: Sherri Holbert • Relocate828 LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4171764
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)