80/81 Shangri Ln #80/81CherokeeNC28719
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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 Cherokee at 80/81 Shangri Ln #80/81, Cherokee, NC, 28719 generates $1,390/mo in rent and, after a $518/mo payment, leaves $707/mo in cash flow. Total monthly income is $1,390/mo, and annual cash flow is $8,489/yr on $35,106 invested. Return on cash invested sits at 44.09% in year one, and rental yield is 15.75% on a $105,900 entry. Equity gained on principal adds $683/yr, while 5% annual appreciation builds toward $29,258 over five years. Five-year ROI reaches 232.94% and total cumulative return in cash sums $81,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,390/mo property income rather than buyer’s personal income.
Lot
Built in N/A
7.40 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28719, Cherokee, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,268 (100%) |
| Owner Occupied HU | 2,081 (63.7%) |
| Renter Occupied HU | 763 (23.3%) |
| Vacant Housing Units | 424 (13.0%) |
| Median Home Value | $222,029 |
| Average Home Value | $285,055 |
Housing Distribution
Address Breakdown
Residential
1,670
Single Family
1,586
Multi-Family
84
Businesses
258
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Listed by: Scott Ashton • Keller Williams Professionals
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4136930
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)