305 Majestic Mountain Dr #7BurnsvilleNC28714
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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
Investment property for sale in Burnsville at 305 Majestic Mountain Dr #7, Burnsville, NC, 28714 earns from $2,400/mo rent with a $2,570/mo payment. Total monthly income totals $2,400/mo. ROI tracks 14.5% on current figures, and rental yield reads 5.49% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 73.68% and total cumulative return in cash sums $127,269. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.
Single Family
Built in 2008
0.82 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: Wanda Proffitt • Carolina Mountain Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336444