48 Squirrel LaneSapphireNC28774
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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 Sapphire at 48 Squirrel Lane, Sapphire, NC, 28774 priced at $172,000 converts $1,543/mo rent into $495/mo cash flow after a $842/mo obligation. Total monthly income equals $1,543/mo, and annual cash flow totals $5,935/yr on $57,018 invested. Return on cash invested prints 30.32% in year one, and rental yield reads 10.77% against a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation compiles into $47,520 by year five. Five-year ROI reaches 158.58% and total cumulative return in cash sums $90,421. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,543/mo property income covering a $842/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28774, Sapphire, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,009 (100%) |
| Owner Occupied HU | 701 (23.3%) |
| Renter Occupied HU | 144 ( 4.8%) |
| Vacant Housing Units | 2,164 (71.9%) |
| Median Home Value | $576,754 |
| Average Home Value | $680,036 |
Housing Distribution
Address Breakdown
Residential
1,304
Single Family
1,304
Multi-Family
0
Businesses
65
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Listed by: Scott Smith • Looking Glass Realty Sapphire
Mls Name: HCMLS
Mls ID: #1002319