228 Emerald Ridge Road #59SapphireNC28774
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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
Investment property for sale in Sapphire at 228 Emerald Ridge Road #59, Sapphire, NC, 28774 offers a 8.25% rental yield on a $269,000 purchase with $1,849/mo rent. Total monthly income registers $1,849/mo, and a $1,317/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,510/yr on $89,174 to close, and return on cash invested stands at 22.72% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 117.87% and total cumulative return in cash at $105,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,849/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28774, Sapphire, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,009 (100%) |
| Owner Occupied HU | 701 (23.3%) |
| Renter Occupied HU | 144 ( 4.8%) |
| Vacant Housing Units | 2,164 (71.9%) |
| Median Home Value | $576,754 |
| Average Home Value | $680,036 |
Housing Distribution
Address Breakdown
Residential
1,304
Single Family
1,304
Multi-Family
0
Businesses
65
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Listed by: Greta Bost • ALLEN TATE - CASHIERS
Mls Name: HCMLS
Mls ID: #106261
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.