386 Kite RoadMillers CreekNC28651
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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 Millers Creek at 386 Kite Road, Millers Creek, NC, 28651 uses $152,159 cash to close to unlock $1,514/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $2,924/mo, and a $2,247/mo payment keeps the spread at $126/mo. Purchase price stands at $459,000, and rental yield measures 7.64% with $2,924/mo rent. Return on cash invested shows 20.9% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 108.07% and total cumulative return in cash records $164,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,924/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 1998
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28651, Millers Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 2,005 (64.7%) |
| Renter Occupied HU | 638 (20.6%) |
| Vacant Housing Units | 456 (14.7%) |
| Median Home Value | $227,251 |
| Average Home Value | $262,168 |
Housing Distribution
Address Breakdown
Residential
2,578
Single Family
2,578
Multi-Family
0
Businesses
99
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Listed by: Ben McKay • Howard Hanna Allen Tate Realtors Boone
Mls Name: High Country AOR
Mls Provider:
Mls ID: #258873
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.