565 Overlook DrSpruce PineNC28777
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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 Spruce Pine at 565 Overlook Dr, Spruce Pine, NC, 28777 priced at $462,000 pairs $2,399/mo rent with after a $2,261/mo payment. Total monthly income equals $2,399/mo. Return on cash invested is 16.65% in year one, and rental yield stands at 6.23% on a $462,000 basis. Equity gained on principal adds $2,981/yr, and 5% annual appreciation accumulates to $127,642 by year five. Five-year ROI measures 85.23% and total cumulative return in cash reaches $130,529. For financing, Ziffy Mortgage’s DSCR program evaluates $2,399/mo property income against a $2,261/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28777, Spruce Pine, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,050 (100%) |
| Owner Occupied HU | 3,050 (60.4%) |
| Renter Occupied HU | 943 (18.7%) |
| Vacant Housing Units | 1,057 (20.9%) |
| Median Home Value | $261,804 |
| Average Home Value | $292,059 |
Housing Distribution
Address Breakdown
Residential
4,311
Single Family
4,160
Multi-Family
151
Businesses
483
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Listed by: Lacey Queen • Realty One Group Results
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308745