228 Continental Divide RoadSpruce 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 228 Continental Divide Road, Spruce Pine, NC, 28777 priced at $750,000 pairs $3,038/mo rent with after a $3,671/mo payment. Total monthly income equals $3,038/mo. Return on cash invested is 12.6% in year one, and rental yield stands at 4.86% on a $750,000 basis. Equity gained on principal adds $4,840/yr, and 5% annual appreciation accumulates to $207,211 by year five. Five-year ROI measures 63.5% and total cumulative return in cash reaches $156,690. For financing, Ziffy Mortgage’s DSCR program evaluates $3,038/mo property income against a $3,671/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2015
0.68 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: Ginger Gregory • Coldwell Banker Advantage
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255126
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.