102 Guffey RdCherryvilleNC28021
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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 Cherryville at 102 Guffey Rd, Cherryville, NC, 28021 priced at $235,000 converts $1,662/mo rent into $230/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,662/mo, and annual cash flow totals $2,760/yr on $77,903 invested. Return on cash invested prints 23.45% in year one, and rental yield reads 8.49% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 121.7% and total cumulative return in cash sums $94,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,662/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.31 Acres lot
$N/A/sqft
No HOA
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Listed by: Tammy Johnson • Apple Realty of Lincolnton
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326857