44 Hemlock AveSpruce PineNC28777
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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 Spruce Pine at 44 Hemlock Ave, Spruce Pine, NC, 28777 priced at $459,000 converts $2,233/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,233/mo. Return on cash invested prints 15.45% in year one, and rental yield reads 5.84% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 78.85% and total cumulative return in cash sums $119,975. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,233/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28777, Spruce Pine, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,050 (60.4%) |
| Renter Occupied HU | 943 (18.7%) |
| Vacant Housing Units | 1,057 (20.9%) |
| Median Home Value | $261,804 |
| Average Home Value | $292,059 |
Housing Distribution
Address Breakdown
Residential
4,311
Single Family
4,160
Multi-Family
151
Businesses
483
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Listed by: Joshua Huskins • Foxfire Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315441