148 Chestnut Ridge LaneRoaring GapNC28668
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Roaring Gap at 148 Chestnut Ridge Lane, Roaring Gap, NC, 28668 priced at $1,700,000 pairs $2,858/mo rent with after a $8,321/mo payment. Total monthly income equals $2,858/mo. Return on cash invested is 4.02% in year one, and rental yield stands at 2.02% on a $1,700,000 basis. Equity gained on principal adds $10,970/yr, and 5% annual appreciation accumulates to $469,679 by year five. Five-year ROI measures 17.43% and total cumulative return in cash reaches $95,995. For financing, Ziffy Mortgage’s DSCR program evaluates $2,858/mo property income against a $8,321/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
12.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28668, Roaring Gap, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27 (100%) |
| Owner Occupied HU | 8 (29.6%) |
| Renter Occupied HU | 4 (14.8%) |
| Vacant Housing Units | 15 (55.6%) |
| Median Home Value | $350,000 |
| Average Home Value | $507,813 |
Housing Distribution
Address Breakdown
Residential
19
Single Family
19
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sue Talley • High Meadows Country Club Properties
Mls Name: High Country AOR
Mls ID: #257460