211 Parkway LaneSpartaNC28675
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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 Sparta at 211 Parkway Lane, Sparta, NC, 28675 priced at $248,000 converts $1,350/mo rent into after a $1,214/mo obligation. Total monthly income equals $1,350/mo. Return on cash invested prints 17.55% in year one, and rental yield reads 6.53% against a $248,000 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation compiles into $68,518 by year five. Five-year ROI reaches 90.1% and total cumulative return in cash sums $74,070. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,350/mo property income covering a $1,214/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.86 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: LOUIS MORRISON JR. • Mountain Dreams Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #257377
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.