53 Wagoner StSpartaNC28675
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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 Sparta at 53 Wagoner St, Sparta, NC, 28675 generates $2,062/mo in rent and, after a $1,493/mo payment, leaves $203/mo in cash flow. Total monthly income is $2,062/mo, and annual cash flow is $2,436/yr on $101,108 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 8.11% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 115.62% and total cumulative return in cash sums $116,902. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,062/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28675, Sparta, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,904 (100%) |
| Owner Occupied HU | 2,136 (54.7%) |
| Renter Occupied HU | 765 (19.6%) |
| Vacant Housing Units | 1,003 (25.7%) |
| Median Home Value | $295,390 |
| Average Home Value | $371,699 |
Housing Distribution
Address Breakdown
Residential
2,908
Single Family
2,908
Multi-Family
0
Businesses
340
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Listed by: Celeste Snow • Golden Key Realty NC, LLC
Mls Name: Triad MLS
Mls ID: #1205031