276 Wes Jones RdNewlandNC28657
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Newland at 276 Wes Jones Rd, Newland, NC, 28657 priced at $269,000 converts $2,429/mo rent into $789/mo cash flow after a $1,317/mo obligation. Total monthly income equals $2,429/mo, and annual cash flow totals $9,470/yr on $89,174 invested. Return on cash invested prints 30.53% in year one, and rental yield reads 10.84% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 159.71% and total cumulative return in cash sums $142,415. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,429/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 2002
4.38 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ally Long • Lacey Realty
Mls Name: My State MLS
Mls ID: #11540908