182 Fair Park DriveBlowing 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 Fair Park Drive, Blowing Rock, NC, 28605 uses $61,328 cash to close to unlock $3,642/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $1,443/mo, and a $905/mo payment keeps the spread at $304/mo. Purchase price stands at $185,000, and rental yield measures 9.36% with $1,443/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 134.7% and total cumulative return in cash records $82,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,443/mo property income covering a $905/mo payment rather than investor’s personal income.
Manufactured
Built in 1975
7,405 sqft lot
$N/A/sqft
$150 annually 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: Jennifer Crowe • Keller Williams High Country
Mls Name: High Country AOR
Mls Provider:
Mls ID: #254263
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.