372 Coffey RidgeBlowing RockNC28605
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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 Blowing Rock at 372 Coffey Ridge, Blowing Rock, NC, 28605 uses $226,977 cash to close to unlock $10,513/yr annual cash flow and $876/mo monthly cash flow. Total monthly income runs $5,081/mo, and a $3,377/mo payment keeps the spread at $876/mo. Purchase price stands at $689,900, and rental yield measures 8.84% with $5,081/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $190,607 over five years. Five-year ROI reaches 128.35% and total cumulative return in cash records $291,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,081/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28605, Blowing Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,542 (100%) |
| Owner Occupied HU | 1,327 (29.2%) |
| Renter Occupied HU | 505 (11.1%) |
| Vacant Housing Units | 2,710 (59.7%) |
| Median Home Value | $492,067 |
| Average Home Value | $577,990 |
Housing Distribution
Address Breakdown
Residential
1,694
Single Family
1,694
Multi-Family
0
Businesses
239
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Listed by: Tyler Bryson • Blowing Rock Mountain Properties
Mls Name: High Country AOR
Mls ID: #256810