2019 Dale Rd, Spruce Pine, NC, 28777 | 6.9% Rental Yield

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,834/mo, and a $1,561/mo payment. Purchase price stands at $319,000, and rental yield measures 6.9% with $1,834/mo rent. Return on cash invested shows 18.66% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 96.07% and total cumulative return in cash records $101,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,834/mo property income covering a $1,561/mo payment rather than investor’s personal income.

Single Family

Built in 1981

0.51 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