61 River LoopNewlandNC28657
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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 Newland at 61 River Loop, Newland, NC, 28657 priced at $329,000 pairs $1,642/mo rent with after a $1,610/mo payment. Total monthly income equals $1,642/mo. Return on cash invested is 15.92% in year one, and rental yield stands at 5.99% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 81.34% and total cumulative return in cash reaches $88,713. For financing, Ziffy Mortgage’s DSCR program evaluates $1,642/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28657, Newland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,763 (100%) |
| Owner Occupied HU | 3,396 (50.2%) |
| Renter Occupied HU | 825 (12.2%) |
| Vacant Housing Units | 2,542 (37.6%) |
| Median Home Value | $293,074 |
| Average Home Value | $385,331 |
Housing Distribution
Address Breakdown
Residential
4,428
Single Family
4,396
Multi-Family
32
Businesses
356
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Listed by: Janelle Jones • Mountain Run Properties
Mls Name: High Country AOR
Mls ID: #257195