117 Andrews Ridge RoadSpartaNC28675
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 Sparta at 117 Andrews Ridge Road, Sparta, NC, 28675 priced at $285,000 converts $1,867/mo rent into $130/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,867/mo, and annual cash flow totals $1,560/yr on $94,478 invested. Return on cash invested prints 21.56% in year one, and rental yield reads 7.86% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 111.55% and total cumulative return in cash sums $105,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,867/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28675, Sparta, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,904 (100%) |
| Owner Occupied HU | 2,136 (54.7%) |
| Renter Occupied HU | 765 (19.6%) |
| Vacant Housing Units | 1,003 (25.7%) |
| Median Home Value | $295,390 |
| Average Home Value | $371,699 |
Housing Distribution
Address Breakdown
Residential
2,908
Single Family
2,908
Multi-Family
0
Businesses
340
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Listed by: Lesia Cockerham • Keller Williams Elite Blue Ridge
Mls Name: High Country AOR
Mls ID: #258421