489 Astor Cook RoadBlowing 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 489 Astor Cook Road, Blowing Rock, NC, 28605 with 5% annual appreciation on a $450,000 basis while $3,894/mo rent supports operations. Total monthly income totals $3,894/mo and a $2,203/mo payment preserves $1,109/mo for cash returns. Annual cash flow comes to $13,312/yr on $149,175 deployed, and return on cash invested reaches 28.83% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 10.38%. Five-year ROI measures 150.7% and total cumulative return in cash totals $224,802.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,894/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
0.95 Acres lot
$N/A/sqft
$500 annually 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: Kaitlin Crawford • Berkshire Hathaway HomeServices Blue Ridge REALTOR
Mls Name: High Country AOR
Mls Provider:
Mls ID: #257541
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.