147 Walnut AveSpruce 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
Rental property for sale in Spruce Pine at 147 Walnut Ave, Spruce Pine, NC, 28777 generates $1,765/mo in rent and, after a $1,219/mo payment, leaves $247/mo in cash flow. Total monthly income is $1,765/mo, and annual cash flow is $2,965/yr on $82,580 invested. Return on cash invested sits at 23.5% in year one, and rental yield is 8.5% on a $249,111 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,825 over five years. Five-year ROI reaches 122.03% and total cumulative return in cash sums $100,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,765/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
0.24 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: Zack Lowe • LandCrazy.com Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299992