408 S Carolina TerMontreat CityNC28711
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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 Montreat City at 408 S Carolina Ter, Montreat City, NC, 28711 priced at $325,000 converts $2,566/mo rent into $585/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,566/mo, and annual cash flow totals $7,020/yr on $107,738 invested. Return on cash invested prints 26.42% in year one, and rental yield reads 9.47% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 137.66% and total cumulative return in cash sums $148,309. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,566/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1918
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28711, Black Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,280 (100%) |
| Owner Occupied HU | 4,528 (54.7%) |
| Renter Occupied HU | 1,930 (23.3%) |
| Vacant Housing Units | 1,822 (22.0%) |
| Median Home Value | $443,269 |
| Average Home Value | $495,702 |
Housing Distribution
Address Breakdown
Residential
6,885
Single Family
6,549
Multi-Family
336
Businesses
637
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Listed by: Adam Johnson • GreyBeard Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277400