368 Bailey Mountain RdMars HillNC28754
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
Investment property for sale in Mars Hill at 368 Bailey Mountain Rd, Mars Hill, NC, 28754 with 5% annual appreciation on a $500,000 basis while $2,555/mo rent supports operations. 35% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,141 alongside rental yield of 6.13%. Five-year ROI measures 83.6% and total cumulative return in cash totals $138,572. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,555/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28754, Mars Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,361 (100%) |
| Owner Occupied HU | 2,512 (57.6%) |
| Renter Occupied HU | 732 (16.8%) |
| Vacant Housing Units | 1,117 (25.6%) |
| Median Home Value | $328,571 |
| Average Home Value | $445,541 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,832
Multi-Family
57
Businesses
266
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Stephens • NextHome Mountain Horizons
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291626