2209/2211 Sugar Mountain 2 RoadNewlandNC28657
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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
Total monthly income runs $2,100/mo, and a $4,890/mo payment. Purchase price stands at $999,000, and rental yield measures 2.52% with $2,100/mo rent. Return on cash invested shows 5.5% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 25.41% and total cumulative return in cash records $83,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $4,890/mo payment rather than investor’s personal income.
Single Family
Built in 1959
10.20 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: Ronald Kent • EXP Realty LLC
Mls Name: High Country AOR
Mls ID: #258044