1518 Moxley Ridge RdSpartaNC28675
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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 Sparta at 1518 Moxley Ridge Rd, Sparta, NC, 28675 with 5% annual appreciation on a $679,900 basis while $1,350/mo rent supports operations. 73% in year one. Equity gained on principal adds $4,387/yr, and five-year appreciation sums $187,844 alongside rental yield of 2.38%. Five-year ROI measures 21.44% and total cumulative return in cash totals $47,969. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,350/mo property income versus a $3,328/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
1.01 Acres lot
$N/A/sqft
$63 monthly 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: Melinda Hall • State Line Realty VA
Mls Name: SWVAR
Mls Provider:
Mls ID: #98346
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.