96 Connaheta AveAndrewsNC28901
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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
Investment property for sale in Andrews at 96 Connaheta Ave, Andrews, NC, 28901 uses $61,328 cash to close to unlock $2,460/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $1,332/mo, and a $905/mo payment keeps the spread at $205/mo. Purchase price stands at $185,000, and rental yield measures 8.64% with $1,332/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 124.24% and total cumulative return in cash records $76,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,332/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28901, Andrews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 1,686 (56.1%) |
| Renter Occupied HU | 624 (20.8%) |
| Vacant Housing Units | 695 (23.1%) |
| Median Home Value | $232,199 |
| Average Home Value | $249,720 |
Housing Distribution
Address Breakdown
Residential
1,798
Single Family
1,785
Multi-Family
13
Businesses
249
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Nearby investment properties with comparable prices
Listed by: Allison Ralph • Nantahala Real Estate
Mls Name: Mountain Lakes BOR
Mls ID: #154056