83 Rocky Ridge RdBalsamNC28707
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
Investment property for sale in Balsam at 83 Rocky Ridge Rd, Balsam, NC, 28707 offers a 7.78% rental yield on a $325,000 purchase with $2,107/mo rent. Total monthly income registers $2,107/mo, and a $1,591/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,512/yr on $107,738 to close, and return on cash invested stands at 21.31% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 110.24% and total cumulative return in cash at $118,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,107/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28707, Balsam, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 171 (100%) |
| Owner Occupied HU | 53 (31.0%) |
| Renter Occupied HU | 6 ( 3.5%) |
| Vacant Housing Units | 112 (65.5%) |
| Median Home Value | $281,250 |
| Average Home Value | $553,868 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
23
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Nearby investment properties with comparable prices
Listed by: Darrin Graves • Allen Tate - Beverly Hanks Realtors
Mls Name: Carolina Smokies MLS
Mls ID: #26040554
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.