112 W 23rd StNewtonNC28658
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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 Newton at 112 W 23rd St, Newton, NC, 28658 earns $75/mo cash flow from $2,093/mo rent with a $1,621/mo payment. Total monthly income totals $2,093/mo, and annual cash flow totals $896/yr on $109,760 capital. ROI tracks 20.73% on current figures, and rental yield reads 7.59% at a $331,100 purchase. Equity gained on principal adds $2,137/yr, and 5% annual appreciation supports $91,477 over five years. Five-year ROI reaches 107.11% and total cumulative return in cash sums $117,560. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,093/mo property income instead of your personal income.
Single Family
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28658, Newton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,999 (100%) |
| Owner Occupied HU | 7,720 (64.3%) |
| Renter Occupied HU | 3,346 (27.9%) |
| Vacant Housing Units | 933 ( 7.8%) |
| Median Home Value | $260,617 |
| Average Home Value | $327,980 |
Housing Distribution
Address Breakdown
Residential
11,049
Single Family
10,606
Multi-Family
443
Businesses
793
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Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #4309743