1584 Barefoot Rd #ANewton GroveNC28366
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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 Newton Grove at 1584 Barefoot Rd #A, Newton Grove, NC, 28366 uses $79,229 cash to close to unlock $2,534/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $1,668/mo, and a $1,170/mo payment keeps the spread at $211/mo. Purchase price stands at $239,000, and rental yield measures 8.37% with $1,668/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 119.91% and total cumulative return in cash records $95,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,668/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28366, Newton Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,965 (100%) |
| Owner Occupied HU | 1,247 (63.5%) |
| Renter Occupied HU | 472 (24.0%) |
| Vacant Housing Units | 246 (12.5%) |
| Median Home Value | $160,846 |
| Average Home Value | $211,959 |
Housing Distribution
Address Breakdown
Residential
2,096
Single Family
2,096
Multi-Family
0
Businesses
157
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Listed by: Blake Hiott • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10104734
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.