398 Dogwood DrBakersvilleNC28705
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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
Rental property for sale in Bakersville at 398 Dogwood Dr, Bakersville, NC, 28705 priced at $360,500 converts $1,474/mo rent into after a $1,764/mo obligation. Total monthly income equals $1,474/mo. Return on cash invested prints 12.65% in year one, and rental yield reads 4.91% against a $360,500 entry. Equity gained on principal adds $2,326/yr, while 5% annual appreciation compiles into $99,600 by year five. Five-year ROI reaches 63.82% and total cumulative return in cash sums $76,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,474/mo property income covering a $1,764/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28705, Bakersville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,803 (100%) |
| Owner Occupied HU | 2,214 (58.2%) |
| Renter Occupied HU | 615 (16.2%) |
| Vacant Housing Units | 974 (25.6%) |
| Median Home Value | $265,165 |
| Average Home Value | $308,944 |
Housing Distribution
Address Breakdown
Residential
3,190
Single Family
3,190
Multi-Family
0
Businesses
197
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Listed by: Anthony Dufrene • Anthony Dufrene
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321945