245 Locust CtSapphireNC28774
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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 245 Locust Ct, Sapphire, NC, 28774 priced at $419,000 pairs $3,088/mo rent with $365/mo cash flow after a $2,051/mo payment. Total monthly income equals $3,088/mo, and annual cash flow comes to $4,377/yr on $138,899 invested. Return on cash invested is 23.06% in year one, and rental yield stands at 8.84% on a $419,000 basis. Equity gained on principal adds $2,704/yr, and 5% annual appreciation accumulates to $115,762 by year five. Five-year ROI measures 120.15% and total cumulative return in cash reaches $166,889. For financing, Ziffy Mortgage’s DSCR program evaluates $3,088/mo property income against a $2,051/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.71 Acres lot
$N/A/sqft
$2,033 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: Susan Mills • KELLER WILLIAMS GREAT SMOKIES
Mls Name: HCMLS
Mls ID: #1000630
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.