287 Leatherwood RdMaggie ValleyNC28751
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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 Maggie Valley at 287 Leatherwood Rd, Maggie Valley, NC, 28751 priced at $595,000 converts $3,199/mo rent into after a $2,912/mo obligation. Total monthly income equals $3,199/mo. Return on cash invested prints 17.44% in year one, and rental yield reads 6.45% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 89.45% and total cumulative return in cash sums $175,106. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,199/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 1997
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28751, Maggie Valley, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,224 (100%) |
| Owner Occupied HU | 1,602 (37.9%) |
| Renter Occupied HU | 366 ( 8.7%) |
| Vacant Housing Units | 2,256 (53.4%) |
| Median Home Value | $313,131 |
| Average Home Value | $368,015 |
Housing Distribution
Address Breakdown
Residential
2,410
Single Family
2,410
Multi-Family
0
Businesses
266
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Listed by: Stan Holden • Keller Williams Great Smokies
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309894