660-660 Monteith Gap 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 660-660 Monteith Gap Rd, Cullowhee, NC, 28723 listed at $212,000 pairs $1,800/mo rent with a $1,038/mo payment to leave $508/mo cash flow. Total monthly income runs $1,800/mo, and annual cash flow reaches $6,091/yr on $70,278 cash to close. Return on cash invested measures 28.58% in year one, and rental yield registers 10.19% at a $212,000 basis. Equity gained on principal adds $1,368/yr, and annual property appreciation at 5% supports $58,572 by year five. Five-year ROI tracks 149.23% and total cumulative return in cash totals $104,875. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,800/mo property income relative to a $1,038/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
0.43 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 |
Housing Distribution
Address Breakdown
Residential
4,394
Single Family
4,382
Multi-Family
12
Businesses
129
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Listed by: Norman West • Cullowhee Real Estate
Mls Name: Carolina Smokies MLS
Mls ID: #26040453
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.