1029 Glade Spring CtBelmontNC28012
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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 Belmont at 1029 Glade Spring Ct, Belmont, NC, 28012 priced at $115,000 pairs $2,918/mo rent with $2,020/mo cash flow after a $563/mo payment. Total monthly income equals $2,918/mo, and annual cash flow comes to $24,244/yr on $38,123 invested. Return on cash invested is 83.5% in year one, and rental yield stands at 30.45% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 446.06% and total cumulative return in cash reaches $170,049. For financing, Ziffy Mortgage’s DSCR program evaluates $2,918/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
0.48 Acres lot
$N/A/sqft
$1,180 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28012, Belmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,907 (64.2%) |
| Renter Occupied HU | 3,733 (26.9%) |
| Vacant Housing Units | 1,237 ( 8.9%) |
| Median Home Value | $408,467 |
| Average Home Value | $469,719 |
Housing Distribution
Address Breakdown
Residential
12,873
Single Family
11,456
Multi-Family
1,417
Businesses
877
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Nearby investment properties with comparable prices
Listed by: James Alvarado • Realty Plaza
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4196665
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)