46 Tree FarmSpruce PineNC28777
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 Spruce Pine at 46 Tree Farm, Spruce Pine, NC, 28777 uses $91,163 cash to close to unlock $132/yr annual cash flow and $11/mo monthly cash flow. Total monthly income runs $1,687/mo, and a $1,346/mo payment keeps the spread at $11/mo. Purchase price stands at $275,000, and rental yield measures 7.36% with $1,687/mo rent. Return on cash invested shows 20.05% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 103.48% and total cumulative return in cash records $94,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,687/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1941
1.46 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Connie Ray • Foxfire Real Estate LLC
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252114
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.