122 Emerald Ridge Road #45SapphireNC28774
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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 Sapphire at 122 Emerald Ridge Road #45, Sapphire, NC, 28774 generates $3,019/mo in rent and, after a $2,247/mo payment, leaves $221/mo in cash flow. Total monthly income is $3,019/mo, and annual cash flow is $2,654/yr on $152,159 invested. Return on cash invested sits at 21.65% in year one, and rental yield is 7.89% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 112.09% and total cumulative return in cash sums $170,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,019/mo property income rather than buyer’s personal income.
Condo
Built in 1983
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28774, Sapphire, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,009 (100%) |
| Owner Occupied HU | 701 (23.3%) |
| Renter Occupied HU | 144 ( 4.8%) |
| Vacant Housing Units | 2,164 (71.9%) |
| Median Home Value | $576,754 |
| Average Home Value | $680,036 |
Housing Distribution
Address Breakdown
Residential
1,304
Single Family
1,304
Multi-Family
0
Businesses
65
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Listed by: Tonya Hensley • Landmark Realty Group - Frank Allen, Cashiers
Mls Name: HCMLS
Mls ID: #1001539