851 Austin Mountain DrBurnsvilleNC28714
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 Burnsville at 851 Austin Mountain Dr, Burnsville, NC, 28714 offers $3,930/mo rent that, after a $8,565/mo payment. Total monthly income is $3,930/mo. Return on cash invested measures 6.12% in year one, and rental yield stands at 2.69% at a $1,750,000 entry. Equity gained on principal adds $11,292/yr while 5% annual appreciation compounds into $483,493 by year five. Five-year ROI records 28.65% and total cumulative return in cash reaches $162,429. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,930/mo property income versus a $8,565/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28714, Burnsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,214 (100%) |
| Owner Occupied HU | 5,804 (56.8%) |
| Renter Occupied HU | 1,805 (17.7%) |
| Vacant Housing Units | 2,605 (25.5%) |
| Median Home Value | $289,107 |
| Average Home Value | $347,795 |
Housing Distribution
Address Breakdown
Residential
8,267
Single Family
7,880
Multi-Family
387
Businesses
523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Phillips • Mountain Air Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328686