LOT 29 Fiddlers WayBrasstownNC28902
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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 Brasstown at LOT 29 Fiddlers Way, Brasstown, NC, 28902 priced at $499,900 converts $2,830/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,830/mo. Return on cash invested prints 18.34% in year one, and rental yield reads 6.79% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 94.32% and total cumulative return in cash sums $156,300. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,830/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28902, Brasstown, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 917 (100%) |
| Owner Occupied HU | 557 (60.7%) |
| Renter Occupied HU | 90 ( 9.8%) |
| Vacant Housing Units | 270 (29.4%) |
| Median Home Value | $353,000 |
| Average Home Value | $372,702 |
Housing Distribution
Address Breakdown
Residential
660
Single Family
660
Multi-Family
0
Businesses
42
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Listed by: Elizabeth Yeoman • EXIT Realty Mtn View Prop.
Mls Name: Mountain Lakes BOR
Mls ID: #153292