53 Teas StAndrewsNC28901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Andrews at 53 Teas St, Andrews, NC, 28901 offers $1,674/mo rent that, after a $1,757/mo payment. Total monthly income is $1,674/mo. Return on cash invested measures 14.73% in year one, and rental yield stands at 5.6% at a $359,000 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,185 by year five. Five-year ROI records 74.97% and total cumulative return in cash reaches $89,215. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,674/mo property income versus a $1,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28901, Andrews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 1,686 (56.1%) |
| Renter Occupied HU | 624 (20.8%) |
| Vacant Housing Units | 695 (23.1%) |
| Median Home Value | $232,199 |
| Average Home Value | $249,720 |
Housing Distribution
Address Breakdown
Residential
1,798
Single Family
1,785
Multi-Family
13
Businesses
249
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Nearby investment properties with comparable prices
Listed by: Tammie Johnson • Dana H Jones Realty
Mls Name: Mountain Lakes BOR
Mls ID: #153702