524 Clear Creek RdBurnsvilleNC28714
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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 Burnsville at 524 Clear Creek Rd, Burnsville, NC, 28714 with 5% annual appreciation on a $295,000 basis while $2,167/mo rent supports operations. Total monthly income totals $2,167/mo and a $1,444/mo payment preserves $369/mo for cash returns. Annual cash flow comes to $4,428/yr on $97,793 deployed, and return on cash invested reaches 24.44% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 8.81%. Five-year ROI measures 126.99% and total cumulative return in cash totals $124,190.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,167/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28714, Burnsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,214 (100%) |
| Owner Occupied HU | 5,804 (56.8%) |
| Renter Occupied HU | 1,805 (17.7%) |
| Vacant Housing Units | 2,605 (25.5%) |
| Median Home Value | $289,107 |
| Average Home Value | $347,795 |
Housing Distribution
Address Breakdown
Residential
8,267
Single Family
7,880
Multi-Family
387
Businesses
523
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Listed by: Mikki Fox • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4281347