182 Evergreen Springs UNIT 402Blowing 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 182 Evergreen Springs UNIT 402, Blowing Rock, NC, 28605 earns $173/mo cash flow from $2,531/mo rent with a $1,894/mo payment. Total monthly income totals $2,531/mo, and annual cash flow totals $2,071/yr on $128,291 capital. ROI tracks 21.52% on current figures, and rental yield reads 7.85% at a $387,000 purchase. Equity gained on principal adds $2,497/yr, and 5% annual appreciation supports $106,921 over five years. Five-year ROI reaches 111.38% and total cumulative return in cash sums $142,886. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,531/mo property income instead of your personal income.
Condo
Built in 2000
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: Karen Barker • Premier Sotheby's Int'l Realty
Mls Name: High Country AOR
Mls ID: #257542