798 Lick Log RdSylvaNC28779
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sylva at 798 Lick Log Rd, Sylva, NC, 28779 uses $112,710 cash to close to unlock $4,704/yr annual cash flow and $392/mo monthly cash flow. Total monthly income runs $2,464/mo, and a $1,664/mo payment keeps the spread at $392/mo. Purchase price stands at $340,000, and rental yield measures 8.7% with $2,464/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 125.07% and total cumulative return in cash records $140,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,464/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1989
3.24 Acres lot
$N/A/sqft
No 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: Lytisha Shuler • Keller Williams - Great Smokies - Bc
Mls Name: Carolina Smokies MLS
Mls ID: #26041057
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.