2558 Claremont RdNewtonNC28658
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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 Newton at 2558 Claremont Rd, Newton, NC, 28658 uses $84,499 cash to close to unlock $1,357/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $1,667/mo, and a $1,248/mo payment keeps the spread at $113/mo. Purchase price stands at $254,900, and rental yield measures 7.85% with $1,667/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 111.38% and total cumulative return in cash records $94,116. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,667/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1935
1.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28658, Newton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,999 (100%) |
| Owner Occupied HU | 7,720 (64.3%) |
| Renter Occupied HU | 3,346 (27.9%) |
| Vacant Housing Units | 933 ( 7.8%) |
| Median Home Value | $260,617 |
| Average Home Value | $327,980 |
Housing Distribution
Address Breakdown
Residential
11,049
Single Family
10,606
Multi-Family
443
Businesses
793
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Listed by: Josh Ritchie • RE/MAX Legendary
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4156198
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)