166 Scenic Ridge LnNewlandNC28657
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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 166 Scenic Ridge Ln, Newland, NC, 28657 with 5% annual appreciation on a $579,000 basis while $2,928/mo rent supports operations. 28% in year one. Equity gained on principal adds $3,736/yr, and five-year appreciation sums $159,967 alongside rental yield of 6.07%. Five-year ROI measures 83.21% and total cumulative return in cash totals $158,515. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,928/mo property income versus a $2,834/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
1.89 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: #11518324