6350 Gingercake RoadNewlandNC28657
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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 6350 Gingercake Road, Newland, NC, 28657 generates $1,370/mo in rent, after a $4,038/mo payment. Total monthly income is $1,370/mo. Return on cash invested sits at 3.89% in year one, and rental yield is 1.99% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 16.76% and total cumulative return in cash sums $45,501. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,370/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
1.84 Acres 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: Marsha McManus • The Summit Group Of The Carolinas
Mls Name: High Country AOR
Mls ID: #256787