1759 Grandview DrSpartaNC28675
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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 1759 Grandview Dr, Sparta, NC, 28675 uses $103,594 cash to close to unlock $2,292/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $2,096/mo, and a $1,530/mo payment keeps the spread at $191/mo. Purchase price stands at $312,500, and rental yield measures 8.05% with $2,096/mo rent. Return on cash invested shows 22.12% in year one, and 5% annual appreciation builds toward $86,338 over five years. Five-year ROI reaches 114.56% and total cumulative return in cash records $118,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,096/mo property income covering a $1,530/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.31 Acres lot
$N/A/sqft
No 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: Jeffrey Nicholson • NorthGroup Real Estate
Mls Name: Triad MLS
Mls ID: #1204190