LOT 13 Hiwassee CrkMurphyNC28906
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 Murphy at LOT 13 Hiwassee Crk, Murphy, NC, 28906 at $284,900 posts ROI 23.77% with $304/mo cash flow from $2,040/mo rent. Total monthly income equals $2,040/mo, and annual cash flow records $3,649/yr on $94,444 to close. Return on cash invested measures 23.77% and rental yield reads 8.59% at the current $284,900. Equity gained on principal adds $1,838/yr, and 5% annual appreciation supports $78,713 by year five. Five-year ROI prints 123.47% and total cumulative return in cash totals $116,615.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,040/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28906, Murphy, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,243 (100%) |
| Owner Occupied HU | 8,280 (58.1%) |
| Renter Occupied HU | 1,714 (12.0%) |
| Vacant Housing Units | 4,249 (29.8%) |
| Median Home Value | $281,405 |
| Average Home Value | $314,832 |
Housing Distribution
Address Breakdown
Residential
11,666
Single Family
11,662
Multi-Family
4
Businesses
963
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Listed by: Kelly Hopkins • REMAX Mountain Properties
Mls Name: NGBOR
Mls ID: #412559