193 Grovers KnobBlowing 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
Rental property for sale in Blowing Rock at 193 Grovers Knob, Blowing Rock, NC, 28605 priced at $599,000 converts $4,178/mo rent into $527/mo cash flow after a $2,932/mo obligation. Total monthly income equals $4,178/mo, and annual cash flow totals $6,326/yr on $197,071 invested. Return on cash invested prints 23.27% in year one, and rental yield reads 8.37% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 120.72% and total cumulative return in cash sums $237,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,178/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.38 Acres 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: Samantha Benfield • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #259291