254 River 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
Investment property for sale in Newland at 254 River Road, Newland, NC, 28657 with 5% annual appreciation on a $135,000 basis while $1,031/mo rent supports operations. Total monthly income totals $1,031/mo and a $661/mo payment preserves $208/mo for cash returns. Annual cash flow comes to $2,496/yr on $44,753 deployed, and return on cash invested reaches 25.49% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 9.16%. Five-year ROI measures 132.6% and total cumulative return in cash totals $59,341.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,031/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
4,791 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: Hope Harvey • Blue Ridge Realty & Investments - Linville
Mls Name: High Country AOR
Mls ID: #258186