232 River Run Road #1901SapphireNC28774
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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 232 River Run Road #1901, Sapphire, NC, 28774 uses $64,643 cash to close to unlock $948/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $1,477/mo, and a $954/mo payment keeps the spread at $79/mo. Purchase price stands at $195,000, and rental yield measures 9.09% with $1,477/mo rent. Return on cash invested shows 21.38% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 111.99% and total cumulative return in cash records $72,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,477/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1984
871.20 sqft lot
$N/A/sqft
$630 quarterly 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: Bambi Famous Kaine • SILVER CREEK REAL ESTATE GROUP, INC.
Mls Name: HCMLS
Mls ID: #1000107
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.