7 Grefe RoadScaly MountainNC28775
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 Scaly Mountain at 7 Grefe Road, Scaly Mountain, NC, 28775 generates $1,595/mo in rent, after a $1,601/mo payment. Total monthly income is $1,595/mo. Return on cash invested sits at 15.5% in year one, and rental yield is 5.85% on a $327,000 entry. Equity gained on principal adds $2,110/yr, while 5% annual appreciation builds toward $90,344 over five years. Five-year ROI reaches 79.08% and total cumulative return in cash sums $85,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,595/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
3.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28775, Scaly Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 651 (100%) |
| Owner Occupied HU | 236 (36.3%) |
| Renter Occupied HU | 57 ( 8.8%) |
| Vacant Housing Units | 358 (55.0%) |
| Median Home Value | $415,385 |
| Average Home Value | $461,472 |
Housing Distribution
Address Breakdown
Residential
254
Single Family
254
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Traci Erwin • Berkshire Hathaway HomeServices Meadows Mountain Realty - CA
Mls Name: HCMLS
Mls ID: #102126
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.