680 Nikanor RoadWest JeffersonNC28694
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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
Rental property for sale in West Jefferson at 680 Nikanor Road, West Jefferson, NC, 28694 priced at $360,000 converts $2,603/mo rent into $409/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,603/mo, and annual cash flow totals $4,908/yr on $119,340 invested. Return on cash invested prints 24.02% in year one, and rental yield reads 8.68% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 124.75% and total cumulative return in cash sums $148,881. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,603/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.57 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: Sidney Woodruff • Real Broker, LLC
Mls Name: High Country AOR
Mls ID: #259250