234 Stringfellow UNIT 1Blowing 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
Investment property for sale in Blowing Rock at 234 Stringfellow UNIT 1, Blowing Rock, NC, 28605 earns from $3,312/mo rent with a $4,160/mo payment. Total monthly income totals $3,312/mo. ROI tracks 12.04% on current figures, and rental yield reads 4.68% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 60.5% and total cumulative return in cash sums $169,198. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,312/mo property income instead of your personal income.
Condo
Built in 1992
N/A 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: Janice Blair • Premier Sotheby's Int'l Realty
Mls Name: High Country AOR
Mls ID: #256840