1640 Licklog RdNewlandNC28657
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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 Newland at 1640 Licklog Rd, Newland, NC, 28657 uses $89,174 cash to close to unlock $12,194/yr annual cash flow and $1,016/mo monthly cash flow. Total monthly income runs $2,656/mo, and a $1,317/mo payment keeps the spread at $1,016/mo. Purchase price stands at $269,000, and rental yield measures 11.85% with $2,656/mo rent. Return on cash invested shows 33.58% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 176.1% and total cumulative return in cash records $157,031. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,656/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
17.31 Acres lot
$N/A/sqft
No 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: Amy Vaughan • Lacey Realty
Mls Name: My State MLS
Mls ID: #11487770