101 Courtney LnMatthewsNC28105
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 Matthews at 101 Courtney Ln, Matthews, NC, 28105 priced at $799,000 converts $2,339/mo rent into after a $3,911/mo obligation. Total monthly income equals $2,339/mo. Return on cash invested prints 8.51% in year one, and rental yield reads 3.51% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 41.55% and total cumulative return in cash sums $109,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,339/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Multi Family
Built in 1979
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28105, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,494 (100%) |
| Owner Occupied HU | 12,458 (63.9%) |
| Renter Occupied HU | 6,384 (32.7%) |
| Vacant Housing Units | 652 ( 3.3%) |
| Median Home Value | $457,147 |
| Average Home Value | $515,720 |
Housing Distribution
Address Breakdown
Residential
19,513
Single Family
15,532
Multi-Family
3,981
Businesses
1,554
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rory Cummins • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317457