149 Canyon Gap UNIT C-1Blowing RockNC28605
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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 Blowing Rock at 149 Canyon Gap UNIT C-1, Blowing Rock, NC, 28605 offers a 2.78% rental yield on a $1,449,900 purchase with $3,360/mo rent. 38% in year one. Equity gained on principal adds $9,356/yr while 5% annual appreciation supports $400,581 over five years. Portfolio math shows five-year ROI at 30.07% and total cumulative return in cash at $141,266. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,360/mo property income against a $7,097/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28605, Blowing Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,542 (100%) |
| Owner Occupied HU | 1,327 (29.2%) |
| Renter Occupied HU | 505 (11.1%) |
| Vacant Housing Units | 2,710 (59.7%) |
| Median Home Value | $492,067 |
| Average Home Value | $577,990 |
Housing Distribution
Address Breakdown
Residential
1,694
Single Family
1,694
Multi-Family
0
Businesses
239
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Listed by: Trey Boggs • Foscoe Realty & Development
Mls Name: High Country AOR
Mls ID: #257326