226 Sawgrass Dr #2WhittierNC28789
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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 Whittier at 226 Sawgrass Dr #2, Whittier, NC, 28789 priced at $370,000 converts $3,040/mo rent into after a $1,811/mo obligation. Total monthly income equals $3,040/mo. Return on cash invested prints 19.88% in year one, and rental yield reads 9.86% against a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 105.34% and total cumulative return in cash sums $129,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,040/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Condo
Built in 2006
1 Acres lot
$N/A/sqft
$788 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28789, Whittier, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,801 (100%) |
| Owner Occupied HU | 1,973 (51.9%) |
| Renter Occupied HU | 663 (17.4%) |
| Vacant Housing Units | 1,165 (30.6%) |
| Median Home Value | $279,014 |
| Average Home Value | $359,721 |
Housing Distribution
Address Breakdown
Residential
2,496
Single Family
2,496
Multi-Family
0
Businesses
133
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Listed by: Jeanne Duncan-Cornblum • Bryson City Realty Group, LLC
Mls Name: Carolina Smokies MLS
Mls ID: #26040559
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.