657 Golden Ridge RoadBlowing 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
Rental property for sale in Blowing Rock at 657 Golden Ridge Road, Blowing Rock, NC, 28605 generates $4,105/mo in rent, after a $4,038/mo payment. Total monthly income is $4,105/mo. Return on cash invested sits at 15.98% in year one, and rental yield is 5.97% 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 81.6% and total cumulative return in cash sums $221,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,105/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
1.81 Acres 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: Jessica Clearwater • Jenkins Realtors
Mls Name: High Country AOR
Mls ID: #257161