145 Teaberry LaneNewlandNC28657
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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 145 Teaberry Lane, Newland, NC, 28657 priced at $309,000 converts $2,218/mo rent into $335/mo cash flow after a $1,512/mo obligation. Total monthly income equals $2,218/mo, and annual cash flow totals $4,022/yr on $102,434 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 8.61% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. Five-year ROI reaches 123.81% and total cumulative return in cash sums $126,821. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,218/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Single Family
Built in 1983
5,662 sqft 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: Evelyn Cummings • Heavenly Mountain Properties, LLC
Mls Name: High Country AOR
Mls ID: #257400