Edenton Plan, Buffalo RidgeNewtonNC28658
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 Edenton Plan, Buffalo Ridge, Newton, NC, 28658 priced at $299,230 converts $2,266/mo rent into $442/mo cash flow after a $1,465/mo obligation. Total monthly income equals $2,266/mo, and annual cash flow totals $5,303/yr on $99,195 invested. Return on cash invested prints 25.26% in year one, and rental yield reads 9.09% against a $299,230 entry. Equity gained on principal adds $1,931/yr, while 5% annual appreciation compiles into $82,672 by year five. Five-year ROI reaches 131.36% and total cumulative return in cash sums $130,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,266/mo property income covering a $1,465/mo payment, not borrower’s personal income.
Single Family
Built in 2025
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