221 Old Cranberry StreetNewlandNC28657
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newland at 221 Old Cranberry Street, Newland, NC, 28657 generates $2,730/mo in rent and, after a $1,958/mo payment, leaves $292/mo in cash flow. Total monthly income is $2,730/mo, and annual cash flow is $3,504/yr on $132,600 invested. Return on cash invested sits at 22.55% in year one, and rental yield is 8.19% on a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 116.88% and total cumulative return in cash sums $154,983. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,730/mo property income rather than buyer’s personal income.
Manufactured
Built in 1998
1.10 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janelle Jones • Braswell Realty, Inc.
Mls Name: High Country AOR
Mls ID: #256612