491 Waterside Drive UNIT Adirondack 6Blowing 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
Rental property for sale in Blowing Rock at 491 Waterside Drive UNIT Adirondack 6, Blowing Rock, NC, 28605 generates $3,532/mo in rent, after a $5,702/mo payment. Total monthly income is $3,532/mo. Return on cash invested sits at 9.03% in year one, and rental yield is 3.64% on a $1,165,000 entry. Equity gained on principal adds $7,518/yr, while 5% annual appreciation builds toward $321,868 over five years. Five-year ROI reaches 44.26% and total cumulative return in cash sums $167,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,532/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A 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: Karen Barker • Premier Sotheby's Int'l Realty
Mls Name: High Country AOR
Mls ID: #258231