315 Evans Hollow RdMurphyNC28906
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
Investment Highlights
Rental property for sale in Murphy at 315 Evans Hollow Rd, Murphy, NC, 28906 priced at $309,000 converts $2,040/mo rent into $157/mo cash flow after a $1,512/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $1,886/yr on $102,434 invested. Return on cash invested prints 21.75% in year one, and rental yield reads 7.92% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. Five-year ROI reaches 112.62% and total cumulative return in cash sums $115,361. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Single Family
Built in 1997
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28906, Murphy, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,243 (100%) |
| Owner Occupied HU | 8,280 (58.1%) |
| Renter Occupied HU | 1,714 (12.0%) |
| Vacant Housing Units | 4,249 (29.8%) |
| Median Home Value | $281,405 |
| Average Home Value | $314,832 |
Housing Distribution
Address Breakdown
Residential
11,666
Single Family
11,662
Multi-Family
4
Businesses
963
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Curtis • REMAX Town & Country - Murphy
Mls Name: NGBOR
Mls ID: #417264