60 Sky Ridge CtSylvaNC28779
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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 Sylva at 60 Sky Ridge Ct, Sylva, NC, 28779 generates $2,713/mo in rent, after a $2,423/mo payment. Total monthly income is $2,713/mo. Return on cash invested sits at 17.38% in year one, and rental yield is 6.58% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 89.28% and total cumulative return in cash sums $146,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,713/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28779, Sylva, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,868 (100%) |
| Owner Occupied HU | 5,419 (54.9%) |
| Renter Occupied HU | 2,510 (25.4%) |
| Vacant Housing Units | 1,939 (19.6%) |
| Median Home Value | $281,555 |
| Average Home Value | $336,593 |
Housing Distribution
Address Breakdown
Residential
7,505
Single Family
7,463
Multi-Family
42
Businesses
764
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Listed by: Erik Enberg • Western Carolina Rentals And Real Estate
Mls Name: Carolina Smokies MLS
Mls ID: #26040621
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.