1183 Sandy Plains RdTryonNC28782
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 Tryon at 1183 Sandy Plains Rd, Tryon, NC, 28782 uses $119,340 cash to close to unlock $4,800/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,594/mo, and a $1,762/mo payment keeps the spread at $400/mo. Purchase price stands at $360,000, and rental yield measures 8.65% with $2,594/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 124.28% and total cumulative return in cash records $148,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,594/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28782, Tryon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,533 (100%) |
| Owner Occupied HU | 2,164 (61.3%) |
| Renter Occupied HU | 699 (19.8%) |
| Vacant Housing Units | 670 (19.0%) |
| Median Home Value | $417,073 |
| Average Home Value | $467,884 |
Housing Distribution
Address Breakdown
Residential
3,199
Single Family
3,165
Multi-Family
34
Businesses
332
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carl Campbell • Campbell & Associates RE
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329285