62 Pleasant Hill RdMurphyNC28906
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 Murphy at 62 Pleasant Hill Rd, Murphy, NC, 28906 priced at $120,000 pairs $904/mo rent with $173/mo cash flow after a $587/mo payment. Total monthly income equals $904/mo, and annual cash flow comes to $2,076/yr on $39,780 invested. Return on cash invested is 25.13% in year one, and rental yield stands at 9.04% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 130.67% and total cumulative return in cash reaches $51,979. For financing, Ziffy Mortgage’s DSCR program evaluates $904/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28906, Murphy, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,243 (100%) |
| Owner Occupied HU | 8,280 (58.1%) |
| Renter Occupied HU | 1,714 (12.0%) |
| Vacant Housing Units | 4,249 (29.8%) |
| Median Home Value | $281,405 |
| Average Home Value | $314,832 |
Housing Distribution
Address Breakdown
Residential
11,666
Single Family
11,662
Multi-Family
4
Businesses
963
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Holloway • Coldwell Banker High Country Realty - Murphy
Mls Name: NGBOR
Mls ID: #420627