108 Coronado AveMatthewsNC28104
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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 Matthews at 108 Coronado Ave, Matthews, NC, 28104 generates $3,247/mo in rent, after a $3,406/mo payment. Total monthly income is $3,247/mo. Return on cash invested sits at 14.85% in year one, and rental yield is 5.6% on a $695,840 entry. Equity gained on principal adds $4,490/yr, while 5% annual appreciation builds toward $192,248 over five years. Five-year ROI reaches 75.55% and total cumulative return in cash sums $172,950. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,247/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28104, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 11,807 (86.7%) |
| Renter Occupied HU | 1,522 (11.2%) |
| Vacant Housing Units | 293 ( 2.2%) |
| Median Home Value | $550,468 |
| Average Home Value | $635,169 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,490
Multi-Family
0
Businesses
585
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Listed by: Maria Bansal • SM North Carolina Brokerage LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4341550