294 New Vale Road UNIT 2NewlandNC28657
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
Investment property for sale in Newland at 294 New Vale Road UNIT 2, Newland, NC, 28657 earns $364/mo cash flow from $1,486/mo rent with a $901/mo payment. Total monthly income totals $1,486/mo, and annual cash flow totals $4,370/yr on $60,996 capital. ROI tracks 27.07% on current figures, and rental yield reads 9.69% at a $184,000 purchase. Equity gained on principal adds $1,187/yr, and 5% annual appreciation supports $50,836 over five years. Five-year ROI reaches 141.22% and total cumulative return in cash sums $86,137. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,486/mo property income instead of your personal income.
Townhouse
Built in 1983
1,306 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kirk Holdcroft • Southern Homes of the Carolinas
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252911
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.