2919 Teton DrNewtonNC28658
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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
Rental property for sale in Newton at 2919 Teton Dr, Newton, NC, 28658 generates $1,943/mo in rent, after a $2,349/mo payment. Total monthly income is $1,943/mo. Return on cash invested sits at 12.5% in year one, and rental yield is 4.86% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 62.99% and total cumulative return in cash sums $100,229. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,943/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
5.60 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: Kelly Cruise • Buddy Harper Team Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334516