154 Pine Ridge LoopNewlandNC28657
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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 154 Pine Ridge Loop, Newland, NC, 28657 priced at $449,100 pairs $1,536/mo rent with after a $2,198/mo payment. Total monthly income equals $1,536/mo. Return on cash invested is 7.91% in year one, and rental yield stands at 4.1% on a $449,100 basis. Equity gained on principal adds $2,898/yr, and 5% annual appreciation accumulates to $124,078 by year five. Five-year ROI measures 39.23% and total cumulative return in cash reaches $58,403. For financing, Ziffy Mortgage’s DSCR program evaluates $1,536/mo property income against a $2,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
5,227 sqft lot
$N/A/sqft
$3,456 annually 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: Kim Avery • Mountain Run Properties
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255905
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.