Chatham Plan, Buffalo RidgeNewtonNC28658
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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 Newton at Chatham Plan, Buffalo Ridge, Newton, NC, 28658 offers $3,072/mo rent that, after a $1,930/mo payment, leaves $669/mo cash flow. Total monthly income is $3,072/mo, and annual cash flow is $8,026/yr on $130,704 cash. Return on cash invested measures 26.05% in year one, and rental yield stands at 9.35% at a $394,280 entry. Equity gained on principal adds $2,544/yr while 5% annual appreciation compounds into $108,932 by year five. Five-year ROI records 135.65% and total cumulative return in cash reaches $177,296. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,072/mo property income versus a $1,930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A 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: N/A • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A