53 Chestnut Ridge Lane #3SapphireNC28774
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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
Investment property for sale in Sapphire at 53 Chestnut Ridge Lane #3, Sapphire, NC, 28774 uses $132,597 cash to close to unlock $1,296/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $2,546/mo, and a $1,958/mo payment keeps the spread at $108/mo. Purchase price stands at $399,990, and rental yield measures 7.64% with $2,546/mo rent. Return on cash invested shows 20.89% in year one, and 5% annual appreciation builds toward $110,510 over five years. Five-year ROI reaches 107.99% and total cumulative return in cash records $143,197. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,546/mo property income covering a $1,958/mo payment rather than investor’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: Daniel Doughty • EXP Realty LLC
Mls Name: HCMLS
Mls ID: #1001794