628 W 8th StNewtonNC28658
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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 628 W 8th St, Newton, NC, 28658 generates $2,527/mo in rent, after a $2,324/mo payment. Total monthly income is $2,527/mo. Return on cash invested sits at 17.11% in year one, and rental yield is 6.39% on a $474,900 entry. Equity gained on principal adds $3,064/yr, while 5% annual appreciation builds toward $131,206 over five years. Five-year ROI reaches 87.74% and total cumulative return in cash sums $138,131. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,527/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.32 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: Elizabeth Franklin • Realty Executives of Hickory
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317518