261 Cherry StMurphyNC28906
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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
Investment property for sale in Murphy at 261 Cherry St, Murphy, NC, 28906 with 5% annual appreciation on a $155,000 basis while $1,508/mo rent supports operations. Total monthly income totals $1,508/mo and a $759/mo payment preserves $563/mo for cash returns. Annual cash flow comes to $6,756/yr on $51,383 deployed, and return on cash invested reaches 33.06% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,824 alongside rental yield of 11.67%. Five-year ROI measures 173.2% and total cumulative return in cash totals $88,996.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,508/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No 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: Mark Edwards • ReMax Mountain Properties
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #153136
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.