9999 Calvin Edney RdMars HillNC28754
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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
Rental property for sale in Mars Hill at 9999 Calvin Edney Rd, Mars Hill, NC, 28754 generates $2,012/mo in rent and, after a $857/mo payment, leaves $945/mo in cash flow. Total monthly income is $2,012/mo, and annual cash flow is $11,340/yr on $58,013 invested. Return on cash invested sits at 39.46% in year one, and rental yield is 13.8% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 207.53% and total cumulative return in cash sums $120,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,012/mo property income rather than buyer’s personal income.
Lot
Built in N/A
4.53 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
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Listed by: Becky Hollifield • Hollifield & Company Properties Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4152435
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)