264 PortersNeboNC28761
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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 Nebo at 264 Porters, Nebo, NC, 28761 priced at $1,499,000 converts $4,122/mo rent into after a $7,337/mo obligation. Total monthly income equals $4,122/mo. Return on cash invested prints 7.98% in year one, and rental yield reads 3.3% against a $1,499,000 entry. Equity gained on principal adds $9,673/yr, while 5% annual appreciation compiles into $414,146 by year five. Five-year ROI reaches 38.66% and total cumulative return in cash sums $187,773. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,122/mo property income covering a $7,337/mo payment, not borrower’s personal income.
Single Family
Built in 2022
1.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28761, Nebo, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,457 (100%) |
| Owner Occupied HU | 2,949 (66.2%) |
| Renter Occupied HU | 664 (14.9%) |
| Vacant Housing Units | 844 (18.9%) |
| Median Home Value | $249,932 |
| Average Home Value | $339,791 |
Housing Distribution
Address Breakdown
Residential
4,033
Single Family
4,033
Multi-Family
0
Businesses
117
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Listed by: Polly Leadbetter • Engel & Volkers Foothills Lake James
Mls Name: High Country AOR
Mls ID: #259647