261 Allman RdSylvaNC28779
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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 Sylva at 261 Allman Rd, Sylva, NC, 28779 priced at $199,000 converts $1,600/mo rent into $387/mo cash flow after a $974/mo obligation. Total monthly income equals $1,600/mo, and annual cash flow totals $4,646/yr on $65,969 invested. Return on cash invested prints 26.95% in year one, and rental yield reads 9.65% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 140.55% and total cumulative return in cash sums $92,718. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,600/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28779, Sylva, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,868 (100%) |
| Owner Occupied HU | 5,419 (54.9%) |
| Renter Occupied HU | 2,510 (25.4%) |
| Vacant Housing Units | 1,939 (19.6%) |
| Median Home Value | $281,555 |
| Average Home Value | $336,593 |
Housing Distribution
Address Breakdown
Residential
7,505
Single Family
7,463
Multi-Family
42
Businesses
764
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Listed by: Mary L. Johnson • Johnson Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26041085
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.