6 Memory Lane, Cullowhee, NC, 28723 | $689/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cullowhee at 6 Memory Lane, Cullowhee, NC, 28723 priced at $239,000 converts $2,146/mo rent into $689/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,146/mo, and annual cash flow totals $8,270/yr on $79,229 invested. Return on cash invested prints 30.35% in year one, and rental yield reads 10.77% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 158.75% and total cumulative return in cash sums $125,772. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,146/mo property income covering a $1,170/mo payment, not borrower’s personal income.

Single Family

Built in 1980

0.53 Acres lot

$N/A/sqft

No 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