894 McKinney Gap DrMars HillNC28754
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 Mars Hill at 894 McKinney Gap Dr, Mars Hill, NC, 28754 with 5% annual appreciation on a $597,000 basis while $5,074/mo rent supports operations. Total monthly income totals $5,074/mo and a $2,922/mo payment preserves $1,436/mo for cash returns. Annual cash flow comes to $17,227/yr on $196,413 deployed, and return on cash invested reaches 28.83% in year one. Equity gained on principal adds $3,852/yr, and five-year appreciation sums $164,940 alongside rental yield of 10.2%. Five-year ROI measures 150.54% and total cumulative return in cash totals $295,674.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,074/mo property income versus a $2,922/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28754, Mars Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,361 (100%) |
| Owner Occupied HU | 2,512 (57.6%) |
| Renter Occupied HU | 732 (16.8%) |
| Vacant Housing Units | 1,117 (25.6%) |
| Median Home Value | $328,571 |
| Average Home Value | $445,541 |
Housing Distribution
Address Breakdown
Residential
3,889
Single Family
3,832
Multi-Family
57
Businesses
266
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Miller • Absolute Bespoke Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4289734