932 Eastern Ridge DrNewtonNC28658
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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 Newton at 932 Eastern Ridge Dr, Newton, NC, 28658 uses $102,765 cash to close to unlock $1,956/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $2,052/mo, and a $1,517/mo payment keeps the spread at $163/mo. Purchase price stands at $310,000, and rental yield measures 7.94% with $2,052/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 112.91% and total cumulative return in cash records $116,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,052/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.36 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: Brad Armstrong • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4302459