28 Divide RdMurphyNC28906
Nearby investment properties with comparable rents
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
Rental property for sale in Murphy at 28 Divide Rd, Murphy, NC, 28906 offers $2,400/mo rent that, after a $1,663/mo payment, leaves $329/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $3,952/yr on $112,627 cash. Return on cash invested measures 23.42% in year one, and rental yield stands at 8.48% at a $339,750 entry. Equity gained on principal adds $2,192/yr while 5% annual appreciation compounds into $93,867 by year five. Five-year ROI records 121.56% and total cumulative return in cash reaches $136,908. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,663/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.31 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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Nearby investment properties with comparable prices
Listed by: The Dupree Real Estate Group • REMAX Town & Country - Murphy
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #151853
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.