711 Upper Spencer Mountain RdStanleyNC28164
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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 Stanley at 711 Upper Spencer Mountain Rd, Stanley, NC, 28164 uses $112,379 cash to close to unlock $98/yr annual cash flow and $8/mo monthly cash flow. Total monthly income runs $2,074/mo, and a $1,659/mo payment keeps the spread at $8/mo. Purchase price stands at $339,000, and rental yield measures 7.34% with $2,074/mo rent. Return on cash invested shows 20% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 103.22% and total cumulative return in cash records $115,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,074/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28164, Stanley, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,790 (100%) |
| Owner Occupied HU | 5,220 (76.9%) |
| Renter Occupied HU | 1,257 (18.5%) |
| Vacant Housing Units | 313 ( 4.6%) |
| Median Home Value | $351,924 |
| Average Home Value | $372,055 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,272
Multi-Family
34
Businesses
340
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Listed by: Marin Tomlin • Allen Tate Statesville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295275