299 Sunland DrAndrewsNC28901
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 Andrews at 299 Sunland Dr, Andrews, NC, 28901 offers $1,674/mo rent that, after a $1,076/mo payment, leaves $334/mo cash flow. Total monthly income is $1,674/mo, and annual cash flow is $4,011/yr on $72,864 cash. Return on cash invested measures 25.41% in year one, and rental yield stands at 9.14% at a $219,800 entry. Equity gained on principal adds $1,418/yr while 5% annual appreciation compounds into $60,727 by year five. Five-year ROI records 132.29% and total cumulative return in cash reaches $96,392. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,674/mo property income versus a $1,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28901, Andrews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 1,686 (56.1%) |
| Renter Occupied HU | 624 (20.8%) |
| Vacant Housing Units | 695 (23.1%) |
| Median Home Value | $232,199 |
| Average Home Value | $249,720 |
Housing Distribution
Address Breakdown
Residential
1,798
Single Family
1,785
Multi-Family
13
Businesses
249
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Nearby investment properties with comparable prices
Listed by: Emily Kephart • REMAX Mountain Properties
Mls Name: NGBOR
Mls ID: #421122