261 Black Pine 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 261 Black Pine Road, Newland, NC, 28657 listed at $296,100 pairs $2,603/mo rent with a $1,449/mo payment to leave $799/mo cash flow. Total monthly income runs $2,603/mo, and annual cash flow reaches $9,584/yr on $98,157 cash to close. Return on cash invested measures 29.67% in year one, and rental yield registers 10.55% at a $296,100 basis. Equity gained on principal adds $1,911/yr, and annual property appreciation at 5% supports $81,807 by year five. Five-year ROI tracks 155.08% and total cumulative return in cash totals $152,219. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,603/mo property income relative to a $1,449/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
5,227 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: Greg Coley • Mountain Run Properties
Mls Name: High Country AOR
Mls ID: #258839