308 Searcy Mountain RdCullowheeNC28723
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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 Cullowhee at 308 Searcy Mountain Rd, Cullowhee, NC, 28723 uses $49,692 cash to close to unlock $3,037/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,167/mo, and a $734/mo payment keeps the spread at $253/mo. Purchase price stands at $149,900, and rental yield measures 9.34% with $1,167/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 135.59% and total cumulative return in cash records $67,379. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,167/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28723, Cullowhee, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,918 (100%) |
| Owner Occupied HU | 1,822 (30.8%) |
| Renter Occupied HU | 2,173 (36.7%) |
| Vacant Housing Units | 1,923 (32.5%) |
| Median Home Value | $371,691 |
| Average Home Value | $541,180 |
Housing Distribution
Address Breakdown
Residential
4,394
Single Family
4,382
Multi-Family
12
Businesses
129
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Listed by: -- Mossbarger Team • Realty One Group Vibe
Mls Name: Carolina Smokies MLS
Mls ID: #26042032
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.