55 Derby RdCullowheeNC28723
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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 Cullowhee at 55 Derby Rd, Cullowhee, NC, 28723 offers a 8.96% rental yield on a $225,000 purchase with $1,680/mo rent. Total monthly income registers $1,680/mo, and a $1,101/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $948/yr on $74,588 to close, and return on cash invested stands at 21.18% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 110.88% and total cumulative return in cash at $82,701. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
435.60 sqft lot
$N/A/sqft
$230 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: Will Mayse • Sundog Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26042006
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.