Lot 55 Wandering RidgeCashiersNC28717
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
Rental property for sale in Cashiers at Lot 55 Wandering Ridge, Cashiers, NC, 28717 priced at $275,000 pairs $1,835/mo rent with $159/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,835/mo, and annual cash flow comes to $1,908/yr on $91,163 invested. Return on cash invested is 22% in year one, and rental yield stands at 8.01% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 113.93% and total cumulative return in cash reaches $103,859. For financing, Ziffy Mortgage’s DSCR program evaluates $1,835/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
5.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28717, Cashiers, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,286 (100%) |
| Owner Occupied HU | 625 (27.3%) |
| Renter Occupied HU | 143 ( 6.3%) |
| Vacant Housing Units | 1,518 (66.4%) |
| Median Home Value | $531,888 |
| Average Home Value | $750,584 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
603
Multi-Family
73
Businesses
410
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Nearby investment properties with comparable prices
Listed by: Susan Mills • KELLER WILLIAMS GREAT SMOKIES
Mls Name: HCMLS
Mls ID: #106217
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.