233 Meadow Way #UN1615SapphireNC28774
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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 233 Meadow Way #UN1615, Sapphire, NC, 28774 listed at $318,000 pairs $2,654/mo rent with a $1,556/mo payment to leave $531/mo cash flow. Total monthly income runs $2,654/mo, and annual cash flow reaches $6,373/yr on $105,417 cash to close. Return on cash invested measures 25.95% in year one, and rental yield registers 10.02% at a $318,000 basis. Equity gained on principal adds $2,052/yr, and annual property appreciation at 5% supports $87,858 by year five. Five-year ROI tracks 135.95% and total cumulative return in cash totals $143,315. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,654/mo property income relative to a $1,556/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
871.20 sqft lot
$N/A/sqft
$2,224 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: Jochen Lucke • Silver Creek Real Estate Group, Inc.
Mls Name: HCMLS
Mls ID: #1001369
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.