23 Chestnut Ridge RD. Road #23DSapphireNC28774
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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 Sapphire at 23 Chestnut Ridge RD. Road #23D, Sapphire, NC, 28774 priced at $249,000 pairs $1,380/mo rent with after a $1,219/mo payment. Total monthly income equals $1,380/mo. Return on cash invested is 12.23% in year one, and rental yield stands at 6.65% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 63.6% and total cumulative return in cash reaches $52,496. For financing, Ziffy Mortgage’s DSCR program evaluates $1,380/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
4,356 sqft lot
$N/A/sqft
$4,685 annually 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: James Hair • SAPPHIRE VALLEY REAL ESTATE
Mls Name: HCMLS
Mls ID: #1000623
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.