393 Grandview DriveSpartaNC28675
Nearby investment properties with comparable rents
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 393 Grandview Drive, Sparta, NC, 28675 at $206,000 posts ROI 23.26% with $191/mo cash flow from $1,446/mo rent. Total monthly income equals $1,446/mo, and annual cash flow records $2,290/yr on $68,289 to close. Return on cash invested measures 23.26% and rental yield reads 8.42% at the current $206,000. Equity gained on principal adds $1,329/yr, and 5% annual appreciation supports $56,914 by year five. Five-year ROI prints 120.7% and total cumulative return in cash totals $82,424.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,446/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
1.14 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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Nearby investment properties with comparable prices
Listed by: Raven Ruchti • Alleghany High Country Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255063
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.