307 Minnie LaneBakersvilleNC28705
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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 Bakersville at 307 Minnie Lane, Bakersville, NC, 28705 priced at $425,000 pairs $2,406/mo rent with after a $2,080/mo payment. Total monthly income equals $2,406/mo. Return on cash invested is 18.34% in year one, and rental yield stands at 6.79% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. Five-year ROI measures 94.3% and total cumulative return in cash reaches $132,857. For financing, Ziffy Mortgage’s DSCR program evaluates $2,406/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28705, Bakersville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,803 (100%) |
| Owner Occupied HU | 2,214 (58.2%) |
| Renter Occupied HU | 615 (16.2%) |
| Vacant Housing Units | 974 (25.6%) |
| Median Home Value | $265,165 |
| Average Home Value | $308,944 |
Housing Distribution
Address Breakdown
Residential
3,190
Single Family
3,190
Multi-Family
0
Businesses
197
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Listed by: Victoria Hudson • Blue Ridge Realty & Investments - Linville
Mls Name: High Country AOR
Mls ID: #258811