347 Hickory Mountain RoadSpartaNC28675
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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 Sparta at 347 Hickory Mountain Road, Sparta, NC, 28675 earns from $1,350/mo rent with a $2,814/mo payment. Total monthly income totals $1,350/mo. ROI tracks 6.4% on current figures, and rental yield reads 2.82% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 30.21% and total cumulative return in cash sums $57,155. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,350/mo property income instead of your personal income.
Single Family
Built in 1996
4.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28675, Sparta, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,904 (100%) |
| Owner Occupied HU | 2,136 (54.7%) |
| Renter Occupied HU | 765 (19.6%) |
| Vacant Housing Units | 1,003 (25.7%) |
| Median Home Value | $295,390 |
| Average Home Value | $371,699 |
Housing Distribution
Address Breakdown
Residential
2,908
Single Family
2,908
Multi-Family
0
Businesses
340
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Listed by: Dennis Deal • Keller Williams Elite Blue Ridge
Mls Name: High Country AOR
Mls ID: #256071