258 Old Keelon Gap RdSpruce PineAL35585
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Nearby investment properties with comparable prices
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 258 Old Keelon Gap Rd, Spruce Pine, AL, 35585 at $280,000 posts ROI 23.71% with $294/mo cash flow from $1,874/mo rent. Total monthly income equals $1,874/mo, and annual cash flow records $3,528/yr on $92,820 to close. Return on cash invested measures 23.71% and rental yield reads 8.03% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 122.49% and total cumulative return in cash totals $113,697.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,874/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
4.80 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: Michelle Kelley • Cafe Realty LLC
Mls Name: Strategic MLS Alliance
Mls ID: #521417
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.