805 Mount Olive Church RdNewtonNC28658
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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 805 Mount Olive Church Rd, Newton, NC, 28658 generates $1,864/mo in rent and, after a $1,028/mo payment, leaves $584/mo in cash flow. Total monthly income is $1,864/mo, and annual cash flow is $7,008/yr on $69,615 invested. Return on cash invested sits at 29.98% in year one, and rental yield is 10.65% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 156.7% and total cumulative return in cash sums $109,084. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,864/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.47 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: Kris Rainey • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318480