13015 Hobbton HighwayNewton GroveNC28366
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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 Grove at 13015 Hobbton Highway, Newton Grove, NC, 28366 uses $92,787 cash to close to unlock $2,413/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $1,907/mo, and a $1,370/mo payment keeps the spread at $201/mo. Purchase price stands at $279,900, and rental yield measures 8.18% with $1,907/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 116.71% and total cumulative return in cash records $108,289. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,907/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1991
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28366, Newton Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,965 (100%) |
| Owner Occupied HU | 1,247 (63.5%) |
| Renter Occupied HU | 472 (24.0%) |
| Vacant Housing Units | 246 (12.5%) |
| Median Home Value | $160,846 |
| Average Home Value | $211,959 |
Housing Distribution
Address Breakdown
Residential
2,096
Single Family
2,096
Multi-Family
0
Businesses
157
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Listed by: Janette Hernandez • Southern Heritage Realty LLC
Mls Name: Hive MLS
Mls ID: #100535401