468 E Horse Shoe 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 468 E Horse Shoe Ridge Road, Deep Gap, NC, 28618 offers $2,483/mo rent that, after a $2,447/mo payment. Total monthly income is $2,483/mo. Return on cash invested measures 15.83% in year one, and rental yield stands at 5.96% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 80.84% and total cumulative return in cash reaches $133,968. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,483/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.56 Acres lot
$N/A/sqft
No 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 ID: #259624