378 Hurrah RidgeScaly MountainNC28775
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 Scaly Mountain at 378 Hurrah Ridge, Scaly Mountain, NC, 28775 offers $3,779/mo rent that, after a $5,506/mo payment. Total monthly income is $3,779/mo. Return on cash invested measures 10.24% in year one, and rental yield stands at 4.03% at a $1,125,000 entry. Equity gained on principal adds $7,259/yr while 5% annual appreciation compounds into $310,817 by year five. Five-year ROI records 50.76% and total cumulative return in cash reaches $185,012. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,779/mo property income versus a $5,506/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
4.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28775, Scaly Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 651 (100%) |
| Owner Occupied HU | 236 (36.3%) |
| Renter Occupied HU | 57 ( 8.8%) |
| Vacant Housing Units | 358 (55.0%) |
| Median Home Value | $415,385 |
| Average Home Value | $461,472 |
Housing Distribution
Address Breakdown
Residential
254
Single Family
254
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Conley • Allen Tate/Pat Allen Realty Group
Mls Name: HCMLS
Mls ID: #1001428