89 Memory LnSaludaNC28773
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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 Saluda at 89 Memory Ln, Saluda, NC, 28773 offers a 5.25% rental yield on a $995,000 purchase with $4,350/mo rent. 78% in year one. Equity gained on principal adds $6,421/yr while 5% annual appreciation supports $274,900 over five years. Portfolio math shows five-year ROI at 69.79% and total cumulative return in cash at $228,474. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,350/mo property income against a $4,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28773, Saluda, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,373 (100%) |
| Owner Occupied HU | 1,234 (52.0%) |
| Renter Occupied HU | 308 (13.0%) |
| Vacant Housing Units | 831 (35.0%) |
| Median Home Value | $398,750 |
| Average Home Value | $497,273 |
Housing Distribution
Address Breakdown
Residential
1,696
Single Family
1,696
Multi-Family
0
Businesses
133
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Listed by: Ammie Weymer • Howard Hanna Beverly-Hanks
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314007