309 N 3rd StreetPinetopsNC27864
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $235,000, 309 N 3rd Street, Pinetops, NC, 27864 in Pinetops generates $1,573/mo in rent (8.03% yield) but nets only $141/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.49) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $64,926. Total projected return: $98,048.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $141 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,573 |
| Total Monthly Debt Service | $1,339 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beatrice D Murray • 1st Class Real Estate Legacy Partners
Mls Name: Hive MLS
Mls ID: #100543023