740 Turnberry DriveGlade ValleyNC28627
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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 Glade Valley at 740 Turnberry Drive, Glade Valley, NC, 28627 offers $2,681/mo rent that, after a $3,695/mo payment. Total monthly income is $2,681/mo. Return on cash invested measures 10.4% in year one, and rental yield stands at 4.26% at a $755,000 entry. Equity gained on principal adds $4,872/yr while 5% annual appreciation compounds into $208,593 by year five. Five-year ROI records 51.84% and total cumulative return in cash reaches $128,763. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,681/mo property income versus a $3,695/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.41 Acres lot
$N/A/sqft
$950 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28627, Glade Valley, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,626 (100%) |
| Owner Occupied HU | 620 (38.1%) |
| Renter Occupied HU | 129 ( 7.9%) |
| Vacant Housing Units | 877 (53.9%) |
| Median Home Value | $246,491 |
| Average Home Value | $411,948 |
Housing Distribution
Address Breakdown
Residential
706
Single Family
706
Multi-Family
0
Businesses
15
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Listed by: Gregory Miller • Alleghany High Country Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255232
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.