153 Althea Ridge RdSylvaNC28779
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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 Sylva at 153 Althea Ridge Rd, Sylva, NC, 28779 with 5% annual appreciation on a $1,095,000 basis while $3,594/mo rent supports operations. 96% in year one. Equity gained on principal adds $7,066/yr, and five-year appreciation sums $302,528 alongside rental yield of 3.94%. Five-year ROI measures 49.24% and total cumulative return in cash totals $174,682. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,594/mo property income versus a $5,359/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
13.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28779, Sylva, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,868 (100%) |
| Owner Occupied HU | 5,419 (54.9%) |
| Renter Occupied HU | 2,510 (25.4%) |
| Vacant Housing Units | 1,939 (19.6%) |
| Median Home Value | $281,555 |
| Average Home Value | $336,593 |
Housing Distribution
Address Breakdown
Residential
7,505
Single Family
7,463
Multi-Family
42
Businesses
764
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Listed by: Brandi Norman • Jackson County Realty, Inc.
Mls Name: Carolina Smokies MLS
Mls ID: #26037884
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.