1233 N US Highway 21 North HighwaySpartaNC28675
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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 Sparta at 1233 N US Highway 21 North Highway, Sparta, NC, 28675 generates $2,688/mo in rent, after a $3,743/mo payment. Total monthly income is $2,688/mo. Return on cash invested sits at 10.65% in year one, and rental yield is 4.22% on a $764,750 entry. Equity gained on principal adds $4,935/yr, while 5% annual appreciation builds toward $211,286 over five years. Five-year ROI reaches 53.05% and total cumulative return in cash sums $133,469. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,688/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
1.92 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: Mindy Hall • State Line Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255112
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.