56 Buttons LaneSpartaNC28675
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Nearby investment properties with comparable prices
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 Sparta at 56 Buttons Lane, Sparta, NC, 28675 offers a 7.39% rental yield on a $470,000 purchase with $2,896/mo rent. Total monthly income registers $2,896/mo, and a $2,300/mo payment leaves $32/mo available for distribution. Annual cash flow reaches $384/yr on $155,805 to close, and return on cash invested stands at 20.16% in year one. Equity gained on principal adds $3,033/yr while 5% annual appreciation supports $129,852 over five years. Portfolio math shows five-year ROI at 104.02% and total cumulative return in cash at $162,069. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,896/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
2.71 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: Jill Gambill • Alleghany High Country Realty
Mls Name: High Country AOR
Mls ID: #259138