623 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
Investment property for sale in Spruce Pine at 623 Overlook Dr, Spruce Pine, NC, 28777 at $280,800 posts ROI 14.26% with from $1,273/mo rent. Total monthly income equals $1,273/mo. Return on cash invested measures 14.26% and rental yield reads 5.44% at the current $280,800. Equity gained on principal adds $1,812/yr, and 5% annual appreciation supports $77,580 by year five. Five-year ROI prints 72.5% and total cumulative return in cash totals $67,484. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,273/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2010
2.50 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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Nearby investment properties with comparable prices
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