49 Kiwi Lane #14SapphireNC28774
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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 49 Kiwi Lane #14, Sapphire, NC, 28774 generates $2,244/mo in rent, after a $2,359/mo payment. Total monthly income is $2,244/mo. Return on cash invested sits at 14.7% in year one, and rental yield is 5.59% on a $482,000 entry. Equity gained on principal adds $3,110/yr, while 5% annual appreciation builds toward $133,168 over five years. Five-year ROI reaches 74.8% and total cumulative return in cash sums $119,516. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,244/mo property income rather than buyer’s personal income.
Condo
Built in 1984
871.20 sqft 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: Pam Nellis • Christie's International Real Estate Highlands-Cashiers
Mls Name: HCMLS
Mls ID: #1002293