230 Keelon Gap RdSpruce PineAL35585
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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 Spruce Pine at 230 Keelon Gap Rd, Spruce Pine, AL, 35585 with 5% annual appreciation on a $349,900 basis while $2,360/mo rent supports operations. Total monthly income totals $2,360/mo and a $1,713/mo payment preserves $385/mo for cash returns. Annual cash flow comes to $4,615/yr on $115,992 deployed, and return on cash invested reaches 23.89% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 8.09%. Five-year ROI measures 123.48% and total cumulative return in cash totals $143,226.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,360/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
5.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35585, Spruce Pine, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 678 (100%) |
| Owner Occupied HU | 449 (66.2%) |
| Renter Occupied HU | 151 (22.3%) |
| Vacant Housing Units | 78 (11.5%) |
| Median Home Value | $183,984 |
| Average Home Value | $223,062 |
Housing Distribution
Address Breakdown
Residential
664
Single Family
664
Multi-Family
0
Businesses
28
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Listed by: Terry D Prince • American Realty Company LLC
Mls Name: Strategic MLS Alliance
Mls ID: #515645
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.