418 N Mitchell AveBakersvilleNC28705
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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 Bakersville at 418 N Mitchell Ave, Bakersville, NC, 28705 offers a 10.7% rental yield on a $265,000 purchase with $2,364/mo rent. Total monthly income registers $2,364/mo, and a $1,297/mo payment leaves $749/mo available for distribution. Annual cash flow reaches $8,988/yr on $87,848 to close, and return on cash invested stands at 30.14% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 157.57% and total cumulative return in cash at $138,423. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,364/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.74 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: Rhonda Phillips • Howard Hanna Beverly-Hanks Burnville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4272368