248 Hillside LnAndrewsNC28901
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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
Rental property for sale in Andrews at 248 Hillside Ln, Andrews, NC, 28901 offers $1,674/mo rent that, after a $2,153/mo payment. Total monthly income is $1,674/mo. Return on cash invested measures 11.62% in year one, and rental yield stands at 4.57% at a $439,800 entry. Equity gained on principal adds $2,838/yr while 5% annual appreciation compounds into $121,509 by year five. Five-year ROI records 58.3% and total cumulative return in cash reaches $85,003. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,674/mo property income versus a $2,153/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
2.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28901, Andrews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 1,686 (56.1%) |
| Renter Occupied HU | 624 (20.8%) |
| Vacant Housing Units | 695 (23.1%) |
| Median Home Value | $232,199 |
| Average Home Value | $249,720 |
Housing Distribution
Address Breakdown
Residential
1,798
Single Family
1,785
Multi-Family
13
Businesses
249
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Listed by: Dorothy Colestock • BIG Realty!
Mls Name: NGBOR
Mls ID: #419562