61 Fairview RdAndrewsNC28901
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
Investment property for sale in Andrews at 61 Fairview Rd, Andrews, NC, 28901 with 5% annual appreciation on a $185,000 basis while $1,428/mo rent supports operations. Total monthly income totals $1,428/mo and a $905/mo payment preserves $301/mo for cash returns. Annual cash flow comes to $3,612/yr on $61,328 deployed, and return on cash invested reaches 25.8% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 9.26%. Five-year ROI measures 134.29% and total cumulative return in cash totals $82,359.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,428/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1903
1.69 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: Allison Ralph • Nantahala Real Estate
Mls Name: Mountain Lakes BOR
Mls ID: #154032