895 Oak Ridge Farms CirNewtonNC28658
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 895 Oak Ridge Farms Cir, Newton, NC, 28658 priced at $759,900 pairs $2,954/mo rent with after a $3,719/mo payment. Total monthly income equals $2,954/mo. Return on cash invested is 12.01% in year one, and rental yield stands at 4.66% on a $759,900 basis. Equity gained on principal adds $4,904/yr, and 5% annual appreciation accumulates to $209,946 by year five. Five-year ROI measures 60.34% and total cumulative return in cash reaches $150,858. For financing, Ziffy Mortgage’s DSCR program evaluates $2,954/mo property income against a $3,719/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.92 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vicki Dalton • Southern Homes of the Carolinas, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309277