494 E Ridge RoadCashiersNC28717
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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 Cashiers at 494 E Ridge Road, Cashiers, NC, 28717 projects strong ROI of 4.9%. Rental yield 2.3%. With 5% annual appreciation, the property builds $1,063,684 in value over five years. Equity growth combined delivers a projected five-year ROI of 22.12%, translating into $275,864 in total cumulative return on $1,247,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2023
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28717, Cashiers, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,286 (100%) |
| Owner Occupied HU | 625 (27.3%) |
| Renter Occupied HU | 143 ( 6.3%) |
| Vacant Housing Units | 1,518 (66.4%) |
| Median Home Value | $531,888 |
| Average Home Value | $750,584 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
603
Multi-Family
73
Businesses
410
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Listed by: Mary Abranyi • Berkshire Hathaway HomeServices Meadows Mountain Realty - HF
Mls Name: HCMLS
Mls ID: #1001003
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.