104 Garden PlMorgantonNC28655
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
Investment property for sale in Morganton at 104 Garden Pl, Morganton, NC, 28655 with 5% annual appreciation on a $230,000 basis while $1,430/mo rent supports operations. Total monthly income totals $1,430/mo and a $1,126/mo payment preserves $28/mo for cash returns. Annual cash flow comes to $336/yr on $76,245 deployed, and return on cash invested reaches 20.35% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 7.46%. Five-year ROI measures 105.06% and total cumulative return in cash totals $80,107.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,430/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1941
0.34 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jordan Fitzpatrick • Keller Williams Professionals
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4182819
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