431 Roaring Ridge RoadDeep GapNC28618
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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 Deep Gap at 431 Roaring Ridge Road, Deep Gap, NC, 28618 priced at $515,000 converts $4,147/mo rent into $847/mo cash flow after a $2,521/mo obligation. Total monthly income equals $4,147/mo, and annual cash flow totals $10,166/yr on $169,435 invested. Return on cash invested prints 26.06% in year one, and rental yield reads 9.66% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 136.1% and total cumulative return in cash sums $230,605. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,147/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Single Family
Built in 1981
1.65 Acres lot
$N/A/sqft
$1,930 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28618, Deep Gap, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,327 (100%) |
| Owner Occupied HU | 771 (58.1%) |
| Renter Occupied HU | 174 (13.1%) |
| Vacant Housing Units | 382 (28.8%) |
| Median Home Value | $371,538 |
| Average Home Value | $497,999 |
Housing Distribution
Address Breakdown
Residential
1,143
Single Family
1,143
Multi-Family
0
Businesses
91
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Listed by: Susan Chaney • EXP Realty LLC
Mls Name: High Country AOR
Mls Provider:
Mls ID: #251988
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.