39 Curtis Miles RdAlexanderNC28701
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 Alexander at 39 Curtis Miles Rd, Alexander, NC, 28701 offers a 7.95% rental yield on a $459,000 purchase with $3,040/mo rent. Total monthly income registers $3,040/mo, and a $2,247/mo payment leaves $242/mo available for distribution. Annual cash flow reaches $2,906/yr on $152,159 to close, and return on cash invested stands at 21.82% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 112.98% and total cumulative return in cash at $171,911. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,040/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28701, Alexander, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,996 (100%) |
| Owner Occupied HU | 1,432 (71.7%) |
| Renter Occupied HU | 341 (17.1%) |
| Vacant Housing Units | 223 (11.2%) |
| Median Home Value | $370,307 |
| Average Home Value | $486,063 |
Housing Distribution
Address Breakdown
Residential
1,952
Single Family
1,952
Multi-Family
0
Businesses
48
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Listed by: Marie Reed • Keller Williams Professionals Asheville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4323071