1486 Knolls DrNewtonNC28658
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
Total monthly income runs $2,852/mo, and a $7,212/mo payment. Purchase price stands at $1,473,400, and rental yield measures 2.32% with $2,852/mo rent. Return on cash invested shows 4.97% in year one, and 5% annual appreciation builds toward $407,073 over five years. Five-year ROI reaches 22.48% and total cumulative return in cash records $107,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,852/mo property income covering a $7,212/mo payment rather than investor’s personal income.
Single Family
Built in 1969
10.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28658, Newton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,999 (100%) |
| Owner Occupied HU | 7,720 (64.3%) |
| Renter Occupied HU | 3,346 (27.9%) |
| Vacant Housing Units | 933 ( 7.8%) |
| Median Home Value | $260,617 |
| Average Home Value | $327,980 |
Housing Distribution
Address Breakdown
Residential
11,049
Single Family
10,606
Multi-Family
443
Businesses
793
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Price • RealHome Services and Solutions
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328243