197 Rock Ledge LaneSugar MountainNC28604
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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 Sugar Mountain at 197 Rock Ledge Lane, Sugar Mountain, NC, 28604 priced at $859,000 pairs $5,213/mo rent with after a $4,204/mo payment. Total monthly income equals $5,213/mo. Return on cash invested is 19.97% in year one, and rental yield stands at 7.28% on a $859,000 basis. Equity gained on principal adds $5,543/yr, and 5% annual appreciation accumulates to $237,326 by year five. Five-year ROI measures 103% and total cumulative return in cash reaches $291,099. For financing, Ziffy Mortgage’s DSCR program evaluates $5,213/mo property income against a $4,204/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28604, Banner Elk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,910 (100%) |
| Owner Occupied HU | 2,452 (24.7%) |
| Renter Occupied HU | 743 ( 7.5%) |
| Vacant Housing Units | 6,715 (67.8%) |
| Median Home Value | $382,801 |
| Average Home Value | $471,902 |
Housing Distribution
Address Breakdown
Residential
6,320
Single Family
5,791
Multi-Family
529
Businesses
455
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Listed by: Sam Semple • Sugar Mountain Realty-Dereka's
Mls Name: High Country AOR
Mls ID: #258112