303 Sugar Top Dr UNIT 3031Sugar MountainNC28604
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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 Sugar Mountain at 303 Sugar Top Dr UNIT 3031, Sugar Mountain, NC, 28604 uses $97,793 cash to close to unlock $1,008/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $2,382/mo, and a $1,444/mo payment keeps the spread at $84/mo. Purchase price stands at $295,000, and rental yield measures 9.69% with $2,382/mo rent. Return on cash invested shows 20.94% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 110.45% and total cumulative return in cash records $108,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,382/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1984
0.01 Acres lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28604, Banner Elk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,910 (100%) |
| Owner Occupied HU | 2,452 (24.7%) |
| Renter Occupied HU | 743 ( 7.5%) |
| Vacant Housing Units | 6,715 (67.8%) |
| Median Home Value | $382,801 |
| Average Home Value | $471,902 |
Housing Distribution
Address Breakdown
Residential
6,320
Single Family
5,791
Multi-Family
529
Businesses
455
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Listed by: Susan Thomas • Susan Thomas Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4183987
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-20 21:34:24 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)