228 Snowshoe LoopNewlandNC28657
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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 228 Snowshoe Loop, Newland, NC, 28657 priced at $485,000 pairs $3,011/mo rent with $55/mo cash flow after a $2,374/mo payment. Total monthly income equals $3,011/mo, and annual cash flow comes to $660/yr on $160,778 invested. Return on cash invested is 20.32% in year one, and rental yield stands at 7.45% on a $485,000 basis. Equity gained on principal adds $3,130/yr, and 5% annual appreciation accumulates to $133,997 by year five. Five-year ROI measures 104.9% and total cumulative return in cash reaches $168,650. For financing, Ziffy Mortgage’s DSCR program evaluates $3,011/mo property income against a $2,374/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
4,356 sqft 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: Elizabeth Visser • Century 21 Mountain Vistas
Mls Name: High Country AOR
Mls ID: #258521