2362 Timber Ridge RoadSugar GroveNC28679
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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 Sugar Grove at 2362 Timber Ridge Road, Sugar Grove, NC, 28679 uses $102,732 cash to close to unlock $4,069/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $2,228/mo, and a $1,517/mo payment keeps the spread at $339/mo. Purchase price stands at $309,900, and rental yield measures 8.63% with $2,228/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 124% and total cumulative return in cash records $127,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,228/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1999
4.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28679, Sugar Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,107 (100%) |
| Owner Occupied HU | 654 (59.1%) |
| Renter Occupied HU | 167 (15.1%) |
| Vacant Housing Units | 286 (25.8%) |
| Median Home Value | $349,068 |
| Average Home Value | $389,266 |
Housing Distribution
Address Breakdown
Residential
932
Single Family
932
Multi-Family
0
Businesses
45
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Listed by: Angela Allen • Big 6 Properties-Boone
Mls Name: High Country AOR
Mls ID: #256884