371 Wilderness Lake DrMurphyNC28906
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 Murphy at 371 Wilderness Lake Dr, Murphy, NC, 28906 earns $246/mo cash flow from $2,040/mo rent with a $1,441/mo payment. Total monthly income totals $2,040/mo, and annual cash flow totals $2,947/yr on $97,627 capital. ROI tracks 22.93% on current figures, and rental yield reads 8.31% at a $294,500 purchase. Equity gained on principal adds $1,900/yr, and 5% annual appreciation supports $81,365 over five years. Five-year ROI reaches 118.91% and total cumulative return in cash sums $116,089. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,040/mo property income instead of your personal income.
Single Family
Built in 1991
1.23 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: Alisha Kitchens • North Peaks Realty
Mls Name: NGBOR
Mls ID: #417528