670 Picnic WayMurphyNC28906
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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 670 Picnic Way, Murphy, NC, 28906 offers $3,442/mo rent that, after a $1,859/mo payment, leaves $1,127/mo cash flow. Total monthly income is $3,442/mo, and annual cash flow is $13,525/yr on $125,937 cash. Return on cash invested measures 30.65% in year one, and rental yield stands at 10.87% at a $379,900 entry. Equity gained on principal adds $2,451/yr while 5% annual appreciation compounds into $104,959 by year five. Five-year ROI records 160.33% and total cumulative return in cash reaches $201,917. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,442/mo property income versus a $1,859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
1.28 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
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Nearby investment properties with comparable prices
Listed by: Shane Kamer • Black Bear Realty WNC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4293336