638 Lackey Mountain RdHiddeniteNC28636
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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 Hiddenite at 638 Lackey Mountain Rd, Hiddenite, NC, 28636 offers a 8.03% rental yield on a $314,900 purchase with $2,106/mo rent. Total monthly income registers $2,106/mo, and a $1,541/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,245/yr on $104,389 to close, and return on cash invested stands at 22.06% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 114.3% and total cumulative return in cash at $119,314. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,106/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28636, Hiddenite, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,150 (100%) |
| Owner Occupied HU | 1,523 (70.8%) |
| Renter Occupied HU | 399 (18.6%) |
| Vacant Housing Units | 228 (10.6%) |
| Median Home Value | $209,018 |
| Average Home Value | $248,582 |
Housing Distribution
Address Breakdown
Residential
1,969
Single Family
1,969
Multi-Family
0
Businesses
102
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Listed by: Dameon Brown • Vylla Home
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309595