97 Oakland DrBurnsvilleNC28714
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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 97 Oakland Dr, Burnsville, NC, 28714 priced at $214,900 pairs $2,042/mo rent with $732/mo cash flow after a $1,052/mo payment. Total monthly income equals $2,042/mo, and annual cash flow comes to $8,785/yr on $71,239 invested. Return on cash invested is 32.24% in year one, and rental yield stands at 11.4% on a $214,900 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,373 by year five. Five-year ROI measures 168.89% and total cumulative return in cash reaches $120,318. For financing, Ziffy Mortgage’s DSCR program evaluates $2,042/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1985
0.49 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
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Listed by: Tim Truitt • WNC Real Estate Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332578