515 S Ashe AveNewtonNC28658
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
Investment property for sale in Newton at 515 S Ashe Ave, Newton, NC, 28658 at $325,000 posts ROI 22.48% with $231/mo cash flow from $2,212/mo rent. Total monthly income equals $2,212/mo, and annual cash flow records $2,772/yr on $107,738 to close. Return on cash invested measures 22.48% and rental yield reads 8.17% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 116.5% and total cumulative return in cash totals $125,509.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,212/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1936
0.19 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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Nearby investment properties with comparable prices
Listed by: Lago Weaver • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316986