89 Waxberry 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 89 Waxberry Drive, Glade Valley, NC, 28627 priced at $738,000 converts $3,421/mo rent into after a $3,612/mo obligation. Total monthly income equals $3,421/mo. Return on cash invested prints 14.74% in year one, and rental yield reads 5.56% against a $738,000 entry. Equity gained on principal adds $4,762/yr, while 5% annual appreciation compiles into $203,896 by year five. Five-year ROI reaches 74.97% and total cumulative return in cash sums $182,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,421/mo property income covering a $3,612/mo payment, not borrower’s personal income.
Single Family
Built in 2013
1.36 Acres lot
$N/A/sqft
No 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: SHIRLEY RICHARDSON • Foxfire Realty
Mls Name: High Country AOR
Mls ID: #255635