664 Cherry AvenueWest JeffersonNC28694
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 West Jefferson at 664 Cherry Avenue, West Jefferson, NC, 28694 priced at $289,000 converts $2,257/mo rent into $495/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,257/mo, and annual cash flow totals $5,942/yr on $95,804 invested. Return on cash invested prints 26.11% in year one, and rental yield reads 9.37% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 136.02% and total cumulative return in cash sums $130,310. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,257/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28694, West Jefferson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,131 (100%) |
| Owner Occupied HU | 2,726 (53.1%) |
| Renter Occupied HU | 944 (18.4%) |
| Vacant Housing Units | 1,461 (28.5%) |
| Median Home Value | $340,923 |
| Average Home Value | $381,704 |
Housing Distribution
Address Breakdown
Residential
3,816
Single Family
3,738
Multi-Family
78
Businesses
410
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Listed by: Shyllene Fecteau • Appalachian Properties
Mls Name: High Country AOR
Mls ID: #256789