560 Wards Branch RoadSugar GroveNC28679
Nearby investment properties with comparable rents
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
Rental property for sale in Sugar Grove at 560 Wards Branch Road, Sugar Grove, NC, 28679 offers $3,360/mo rent that, after a $1,953/mo payment, leaves $928/mo cash flow. Total monthly income is $3,360/mo, and annual cash flow is $11,138/yr on $132,269 cash. Return on cash invested measures 28.33% in year one, and rental yield stands at 10.11% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 147.9% and total cumulative return in cash reaches $195,626. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,360/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
10.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28679, Sugar Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,107 (100%) |
| Owner Occupied HU | 654 (59.1%) |
| Renter Occupied HU | 167 (15.1%) |
| Vacant Housing Units | 286 (25.8%) |
| Median Home Value | $349,068 |
| Average Home Value | $389,266 |
Housing Distribution
Address Breakdown
Residential
932
Single Family
932
Multi-Family
0
Businesses
45
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Listed by: John Cockman • Watauga Real Estate, LLC
Mls Name: High Country AOR
Mls ID: #257946