189 Crocus LnSylvaNC28779
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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
Rental property for sale in Sylva at 189 Crocus Ln, Sylva, NC, 28779 priced at $630,000 converts $4,316/mo rent into $476/mo cash flow after a $3,084/mo obligation. Total monthly income equals $4,316/mo, and annual cash flow totals $5,712/yr on $207,270 invested. Return on cash invested prints 22.82% in year one, and rental yield reads 8.22% against a $630,000 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation compiles into $174,057 by year five. Five-year ROI reaches 118.26% and total cumulative return in cash sums $245,122. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,316/mo property income covering a $3,084/mo payment, not borrower’s personal income.
Single Family
Built in 2021
2.57 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: Jonathan Tharp • Keller Williams Realty Of Franklin
Mls Name: Carolina Smokies MLS
Mls ID: #26043025