468 Sokassa RdNewlandNC28657
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
Rental property for sale in Newland at 468 Sokassa Rd, Newland, NC, 28657 offers $1,920/mo rent that, after a $1,366/mo payment, leaves $219/mo cash flow. Total monthly income is $1,920/mo, and annual cash flow is $2,630/yr on $92,489 cash. Return on cash invested measures 22.75% in year one, and rental yield stands at 8.26% at a $279,000 entry. Equity gained on principal adds $1,800/yr while 5% annual appreciation compounds into $77,083 by year five. Five-year ROI records 118.01% and total cumulative return in cash reaches $109,147. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $1,366/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.55 Acres 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: Todd Nickens • Weichert Realtors Saxon Clark KPT
Mls Name: TVRMLS
Mls ID: #9983777