505 Skyland View DriveBlowing 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 505 Skyland View Drive, Blowing Rock, NC, 28605 earns $2,486/mo cash flow from $6,600/mo rent with a $3,304/mo payment. Total monthly income totals $6,600/mo, and annual cash flow totals $29,832/yr on $222,075 capital. ROI tracks 33.49% on current figures, and rental yield reads 11.73% at a $675,000 purchase. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 over five years. Five-year ROI reaches 175.53% and total cumulative return in cash sums $389,799. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,600/mo property income instead of your personal income.
Single Family
Built in 1958
3,920 sqft 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: Brian Smith • Blowing Rock Real Estate, LLC
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252322
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.