1499 Sugar Mountain Drive UNIT 7Sugar MountainNC28604
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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 Sugar Mountain at 1499 Sugar Mountain Drive UNIT 7, Sugar Mountain, NC, 28604 earns from $2,214/mo rent with a $1,713/mo payment. Total monthly income totals $2,214/mo. ROI tracks 17.32% on current figures, and rental yield reads 7.59% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 90.08% and total cumulative return in cash sums $104,490. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,214/mo property income instead of your personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$1,988 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28604, Banner Elk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,910 (100%) |
| Owner Occupied HU | 2,452 (24.7%) |
| Renter Occupied HU | 743 ( 7.5%) |
| Vacant Housing Units | 6,715 (67.8%) |
| Median Home Value | $382,801 |
| Average Home Value | $471,902 |
Housing Distribution
Address Breakdown
Residential
6,320
Single Family
5,791
Multi-Family
529
Businesses
455
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Listed by: Sam Semple • Sugar Mountain Realty-Dereka's
Mls Name: High Country AOR
Mls Provider:
Mls ID: #254928
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.