120 New Ridge LanePiney CreekNC28663
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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
Rental property for sale in Piney Creek at 120 New Ridge Lane, Piney Creek, NC, 28663 offers $0/mo rent that, after a $2,198/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.16% in year one, and rental yield stands at 0% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28663, Piney Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 613 (100%) |
| Owner Occupied HU | 252 (41.1%) |
| Renter Occupied HU | 51 ( 8.3%) |
| Vacant Housing Units | 310 (50.6%) |
| Median Home Value | $318,333 |
| Average Home Value | $401,726 |
Housing Distribution
Address Breakdown
Residential
478
Single Family
478
Multi-Family
0
Businesses
14
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No similar rental properties found nearby.
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Listed by: Carlos Sosa • Sosa & Associates Realtors
Mls Name: High Country AOR
Mls ID: #258312