360 Old Farm RoadCullowheeNC28723
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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
Rental property for sale in Cullowhee at 360 Old Farm Road, Cullowhee, NC, 28723 offers $3,209/mo rent that, after a $8,737/mo payment. Total monthly income is $3,209/mo. Return on cash invested measures 4.46% in year one, and rental yield stands at 2.16% at a $1,785,000 entry. Equity gained on principal adds $11,518/yr while 5% annual appreciation compounds into $493,163 by year five. Five-year ROI records 19.74% and total cumulative return in cash reaches $114,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,209/mo property income versus a $8,737/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6.33 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: Sam Lupas • LANDMARK REALTY GROUP, LLC - FA
Mls Name: HCMLS
Mls ID: #1000430
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.