120 Ridge RoadNewlandNC28657
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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 Newland at 120 Ridge Road, Newland, NC, 28657 priced at $680,000 pairs $3,055/mo rent with after a $3,328/mo payment. Total monthly income equals $3,055/mo. Return on cash invested is 14.22% in year one, and rental yield stands at 5.39% on a $680,000 basis. Equity gained on principal adds $4,388/yr, and 5% annual appreciation accumulates to $187,871 by year five. Five-year ROI measures 72.17% and total cumulative return in cash reaches $161,448. For financing, Ziffy Mortgage’s DSCR program evaluates $3,055/mo property income against a $3,328/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28657, Newland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,763 (100%) |
| Owner Occupied HU | 3,396 (50.2%) |
| Renter Occupied HU | 825 (12.2%) |
| Vacant Housing Units | 2,542 (37.6%) |
| Median Home Value | $293,074 |
| Average Home Value | $385,331 |
Housing Distribution
Address Breakdown
Residential
4,428
Single Family
4,396
Multi-Family
32
Businesses
356
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Listed by: Susan Ayers • Clickit Realty
Mls Name: High Country AOR
Mls ID: #258755