2202 Old 16 HighwayJeffersonNC28640
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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 Jefferson at 2202 Old 16 Highway, Jefferson, NC, 28640 generates $2,280/mo in rent and, after a $1,366/mo payment, leaves $579/mo in cash flow. Total monthly income is $2,280/mo, and annual cash flow is $6,950/yr on $92,489 invested. Return on cash invested sits at 27.42% in year one, and rental yield is 9.81% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 143.05% and total cumulative return in cash sums $132,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28640, Jefferson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,795 (100%) |
| Owner Occupied HU | 1,466 (52.5%) |
| Renter Occupied HU | 628 (22.5%) |
| Vacant Housing Units | 701 (25.1%) |
| Median Home Value | $288,000 |
| Average Home Value | $335,638 |
Housing Distribution
Address Breakdown
Residential
2,205
Single Family
2,052
Multi-Family
153
Businesses
262
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Listed by: Beverly Black • Ashe County Realty
Mls Name: High Country AOR
Mls ID: #256688