85 Crestwood CircleNewlandNC28657
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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 Newland at 85 Crestwood Circle, Newland, NC, 28657 priced at $465,000 converts $2,032/mo rent into after a $2,276/mo obligation. Total monthly income equals $2,032/mo. Return on cash invested prints 13.67% in year one, and rental yield reads 5.24% against a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation compiles into $128,471 by year five. Five-year ROI reaches 69.23% and total cumulative return in cash sums $106,715. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,032/mo property income covering a $2,276/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.43 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: April Escalera • Keller Williams High Country
Mls Name: High Country AOR
Mls ID: #257976