821 Old Chestnut Mountain RdNewlandNC28657
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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
Investment property for sale in Newland at 821 Old Chestnut Mountain Rd, Newland, NC, 28657 earns $132/mo cash flow from $1,656/mo rent with a $1,224/mo payment. Total monthly income totals $1,656/mo, and annual cash flow totals $1,584/yr on $82,875 capital. ROI tracks 21.82% on current figures, and rental yield reads 7.95% at a $249,999 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 112.95% and total cumulative return in cash sums $93,610. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,656/mo property income instead of your personal income.
Single Family
Built in 1988
1.06 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: Eli Ward • WNC Real Estate Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277890