48 Grouse Thicket RdMars HillNC28754
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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 Mars Hill at 48 Grouse Thicket Rd, Mars Hill, NC, 28754 offers a 5.91% rental yield on a $599,000 purchase with $2,951/mo rent. 07% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 76.97% and total cumulative return in cash at $151,690. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,951/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.64 Acres lot
$N/A/sqft
$1,444 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28754, Mars Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,361 (100%) |
| Owner Occupied HU | 2,512 (57.6%) |
| Renter Occupied HU | 732 (16.8%) |
| Vacant Housing Units | 1,117 (25.6%) |
| Median Home Value | $328,571 |
| Average Home Value | $445,541 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,832
Multi-Family
57
Businesses
266
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Listed by: Joanna Beck • Allen Tate/Beverly-Hanks Asheville-North
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4201352
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 17:59:06 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)