158 Dover LnSpruce PineNC28777
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 158 Dover Ln, Spruce Pine, NC, 28777 priced at $320,000 converts $1,981/mo rent into $31/mo cash flow after a $1,566/mo obligation. Total monthly income equals $1,981/mo, and annual cash flow totals $372/yr on $106,080 invested. Return on cash invested prints 20.26% in year one, and rental yield reads 7.43% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 104.57% and total cumulative return in cash sums $110,931. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,981/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.70 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Casey Dahnke • Proper Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305142