7255 Laurel Hill DrNewlandNC28657
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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
Total monthly income runs $2,713/mo, and a $3,891/mo payment. Purchase price stands at $795,000, and rental yield measures 4.1% with $2,713/mo rent. Return on cash invested shows 10.28% in year one, and 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 51.03% and total cumulative return in cash records $133,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,713/mo property income covering a $3,891/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.85 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: Carly Conley • Keller Williams - Weaverville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315201