309 N 3rd StreetPinetopsNC27864
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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 Pinetops at 309 N 3rd Street, Pinetops, NC, 27864 earns $141/mo cash flow from $1,573/mo rent with a $1,150/mo payment. Total monthly income totals $1,573/mo, and annual cash flow totals $1,692/yr on $77,903 capital. ROI tracks 22.08% on current figures, and rental yield reads 8.03% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 114.35% and total cumulative return in cash sums $89,080. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,573/mo property income instead of your personal income.
Single Family
Built in 1946
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27864, Pinetops, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,987 (100%) |
| Owner Occupied HU | 1,200 (60.4%) |
| Renter Occupied HU | 551 (27.7%) |
| Vacant Housing Units | 236 (11.9%) |
| Median Home Value | $129,234 |
| Average Home Value | $167,135 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,338
Multi-Family
25
Businesses
106
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Listed by: Beatrice D Murray • 1st Class Real Estate Legacy Partners
Mls Name: Hive MLS
Mls ID: #100543023