55 Derby Rd APT 3ACullowheeNC28723
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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
Rental property for sale in Cullowhee at 55 Derby Rd APT 3A, Cullowhee, NC, 28723 priced at $219,900 pairs $1,891/mo rent with $331/mo cash flow after a $1,076/mo payment. Total monthly income equals $1,891/mo, and annual cash flow comes to $3,973/yr on $72,897 invested. Return on cash invested is 25.36% in year one, and rental yield stands at 10.32% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 133.33% and total cumulative return in cash reaches $97,192. For financing, Ziffy Mortgage’s DSCR program evaluates $1,891/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
435.60 sqft lot
$N/A/sqft
$220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28723, Cullowhee, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,918 (100%) |
| Owner Occupied HU | 1,822 (30.8%) |
| Renter Occupied HU | 2,173 (36.7%) |
| Vacant Housing Units | 1,923 (32.5%) |
| Median Home Value | $371,691 |
| Average Home Value | $541,180 |
Housing Distribution
Address Breakdown
Residential
4,394
Single Family
4,382
Multi-Family
12
Businesses
129
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Listed by: Daniel O'connell • Exp Realty, LLC (Mls Only)
Mls Name: Carolina Smokies MLS
Mls ID: #26041022
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.