534 Forest Hill DriveSpartaNC28675
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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 534 Forest Hill Drive, Sparta, NC, 28675 priced at $449,000 converts $1,350/mo rent into after a $2,198/mo obligation. Total monthly income equals $1,350/mo. Return on cash invested prints 8.73% in year one, and rental yield reads 3.61% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 42.78% and total cumulative return in cash sums $63,676. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,350/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 2007
1.46 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: Rita Perry Spicer • Allen Tate Ashe High Country Realty
Mls Name: High Country AOR
Mls ID: #256748