71 Buggy Barn RoadCullowheeNC28723
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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 Cullowhee at 71 Buggy Barn Road, Cullowhee, NC, 28723 priced at $410,000 converts $2,222/mo rent into after a $2,007/mo obligation. Total monthly income equals $2,222/mo. Return on cash invested prints 17.46% in year one, and rental yield reads 6.5% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 89.6% and total cumulative return in cash sums $121,775. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,222/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.55 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: Liz Harris • Cashiers Sotheby's International Realty
Mls Name: HCMLS
Mls ID: #1000801
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.