141 Wildflower 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 141 Wildflower Rd, Spruce Pine, NC, 28777 with 5% annual appreciation on a $419,000 basis while $2,989/mo rent supports operations. Total monthly income totals $2,989/mo and a $2,051/mo payment preserves $435/mo for cash returns. Annual cash flow comes to $5,222/yr on $138,899 deployed, and return on cash invested reaches 23.67% in year one. Equity gained on principal adds $2,704/yr, and five-year appreciation sums $115,762 alongside rental yield of 8.56%. Five-year ROI measures 122.91% and total cumulative return in cash totals $170,717.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,989/mo property income versus a $2,051/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
2.09 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: Melissa Miller • Absolute Bespoke Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329852