135 Phillips RdSpruce PineNC28777
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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
Investment property for sale in Spruce Pine at 135 Phillips Rd, Spruce Pine, NC, 28777 earns $635/mo cash flow from $1,854/mo rent with a $979/mo payment. Total monthly income totals $1,854/mo, and annual cash flow totals $7,620/yr on $66,300 capital. ROI tracks 31.4% on current figures, and rental yield reads 11.12% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 164.36% and total cumulative return in cash sums $108,968. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,854/mo property income instead of your personal income.
Manufactured
Built in 2020
0.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28777, Spruce Pine, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,050 (60.4%) |
| Renter Occupied HU | 943 (18.7%) |
| Vacant Housing Units | 1,057 (20.9%) |
| Median Home Value | $261,804 |
| Average Home Value | $292,059 |
Housing Distribution
Address Breakdown
Residential
4,311
Single Family
4,160
Multi-Family
151
Businesses
483
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Listed by: Morgan Buchanan • Tree House Mountain Realty,Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314808