89 Monroe Buchanan RdSylvaNC28779
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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
Rental property for sale in Sylva at 89 Monroe Buchanan Rd, Sylva, NC, 28779 priced at $229,000 pairs $1,477/mo rent with $81/mo cash flow after a $1,121/mo payment. Total monthly income equals $1,477/mo, and annual cash flow comes to $974/yr on $75,914 invested. Return on cash invested is 21.19% in year one, and rental yield stands at 7.74% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 109.66% and total cumulative return in cash reaches $83,249. For financing, Ziffy Mortgage’s DSCR program evaluates $1,477/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.38 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: Erik Enberg • Western Carolina Rentals And Real Estate
Mls Name: Carolina Smokies MLS
Mls ID: #26039449
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.