35-B Portland Ridge #BCashiersNC28717
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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 Cashiers at 35-B Portland Ridge #B, Cashiers, NC, 28717 at $725,000 posts ROI 12.49% with from $3,206/mo rent. Total monthly income equals $3,206/mo. Return on cash invested measures 12.49% and rental yield reads 5.31% at the current $725,000. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 by year five. Five-year ROI prints 63.44% and total cumulative return in cash totals $151,325. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,206/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2003
10,454 sqft lot
$N/A/sqft
$3,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28717, Cashiers, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,286 (100%) |
| Owner Occupied HU | 625 (27.3%) |
| Renter Occupied HU | 143 ( 6.3%) |
| Vacant Housing Units | 1,518 (66.4%) |
| Median Home Value | $531,888 |
| Average Home Value | $750,584 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
603
Multi-Family
73
Businesses
410
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Nearby investment properties with comparable prices
Listed by: Karen Sullivan • RE/MAX Summit Properties
Mls Name: HCMLS
Mls ID: #1000963
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.