287 Newdale Church RdBurnsvilleNC28714
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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 Burnsville at 287 Newdale Church Rd, Burnsville, NC, 28714 offers $1,950/mo rent that, after a $979/mo payment, leaves $731/mo cash flow. Total monthly income is $1,950/mo, and annual cash flow is $8,772/yr on $66,300 cash. Return on cash invested measures 33.14% in year one, and rental yield stands at 11.7% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 173.66% and total cumulative return in cash reaches $115,136. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,950/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28714, Burnsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,214 (100%) |
| Owner Occupied HU | 5,804 (56.8%) |
| Renter Occupied HU | 1,805 (17.7%) |
| Vacant Housing Units | 2,605 (25.5%) |
| Median Home Value | $289,107 |
| Average Home Value | $347,795 |
Housing Distribution
Address Breakdown
Residential
8,267
Single Family
7,880
Multi-Family
387
Businesses
523
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Listed by: Crystal Capps • Howard Hanna Beverly-Hanks Asheville-North
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327295