500 N Main AveNewtonNC28658
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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 Newton at 500 N Main Ave, Newton, NC, 28658 priced at $333,000 pairs $1,938/mo rent with after a $1,630/mo payment. Total monthly income equals $1,938/mo. Return on cash invested is 18.91% in year one, and rental yield stands at 6.98% on a $333,000 basis. Equity gained on principal adds $2,149/yr, and 5% annual appreciation accumulates to $92,002 by year five. Five-year ROI measures 97.4% and total cumulative return in cash reaches $107,525. For financing, Ziffy Mortgage’s DSCR program evaluates $1,938/mo property income against a $1,630/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1848
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28658, Newton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,999 (100%) |
| Owner Occupied HU | 7,720 (64.3%) |
| Renter Occupied HU | 3,346 (27.9%) |
| Vacant Housing Units | 933 ( 7.8%) |
| Median Home Value | $260,617 |
| Average Home Value | $327,980 |
Housing Distribution
Address Breakdown
Residential
11,049
Single Family
10,606
Multi-Family
443
Businesses
793
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Listed by: Dana Gibson • Realty Executives of Hickory
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4176944
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)