202 Duke Franklin RdSpruce PineNC28777
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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 Spruce Pine at 202 Duke Franklin Rd, Spruce Pine, NC, 28777 offers $1,405/mo rent that, after a $1,297/mo payment. Total monthly income is $1,405/mo. Return on cash invested measures 17.04% in year one, and rental yield stands at 6.36% at a $265,000 entry. Equity gained on principal adds $1,710/yr while 5% annual appreciation compounds into $73,215 by year five. Five-year ROI records 87.32% and total cumulative return in cash reaches $76,707. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,405/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2012
1.49 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
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Listed by: Lisa Bennett • One Home Team Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308681