587 Memorial Park 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 587 Memorial Park Drive, Sparta, NC, 28675 priced at $424,900 pairs $1,350/mo rent with after a $2,080/mo payment. Total monthly income equals $1,350/mo. Return on cash invested is 9.35% in year one, and rental yield stands at 3.81% on a $424,900 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,392 by year five. Five-year ROI measures 46.1% and total cumulative return in cash reaches $64,929. For financing, Ziffy Mortgage’s DSCR program evaluates $1,350/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.66 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: Gregory Miller • Alleghany High Country Realty
Mls Name: High Country AOR
Mls ID: #259471