800 Grape Creek RdMurphyNC28906
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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 Murphy at 800 Grape Creek Rd, Murphy, NC, 28906 priced at $249,000 converts $2,038/mo rent into $520/mo cash flow after a $1,219/mo obligation. Total monthly income equals $2,038/mo, and annual cash flow totals $6,242/yr on $82,544 invested. Return on cash invested prints 27.47% in year one, and rental yield reads 9.82% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 143.32% and total cumulative return in cash sums $118,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,038/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Manufactured
Built in 1985
2.56 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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Listed by: Mick Goebel • Carolina Mountain Homes
Mls Name: NGBOR
Mls ID: #416324
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.