511 N Blue Ridge DriveMarionNC28752
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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 Marion at 511 N Blue Ridge Drive, Marion, NC, 28752 uses $180,621 cash to close to unlock $14,250/yr annual cash flow and $1,188/mo monthly cash flow. Total monthly income runs $4,800/mo, and a $2,687/mo payment keeps the spread at $1,188/mo. Purchase price stands at $549,000, and rental yield measures 10.49% with $4,800/mo rent. Return on cash invested shows 27.95% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 146.45% and total cumulative return in cash records $264,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,800/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.73 Acres lot
$N/A/sqft
$3,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28752, Marion, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,281 (100%) |
| Owner Occupied HU | 8,731 (61.1%) |
| Renter Occupied HU | 3,542 (24.8%) |
| Vacant Housing Units | 2,008 (14.1%) |
| Median Home Value | $224,806 |
| Average Home Value | $296,949 |
Housing Distribution
Address Breakdown
Residential
12,672
Single Family
12,566
Multi-Family
106
Businesses
1,046
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Listed by: Tami Newman • ERA Mountain View Properties
Mls Name: High Country AOR
Mls Provider:
Mls ID: #256455
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.