109 Indian Wells CtHarmonyNC28634
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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 Harmony at 109 Indian Wells Ct, Harmony, NC, 28634 priced at $425,000 converts $1,740/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,740/mo. Return on cash invested prints 12.67% in year one, and rental yield reads 4.91% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 63.88% and total cumulative return in cash sums $90,005. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28634, Harmony, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,274 (100%) |
| Owner Occupied HU | 1,608 (70.7%) |
| Renter Occupied HU | 413 (18.2%) |
| Vacant Housing Units | 253 (11.1%) |
| Median Home Value | $227,326 |
| Average Home Value | $355,816 |
Housing Distribution
Address Breakdown
Residential
2,182
Single Family
2,182
Multi-Family
0
Businesses
106
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Listed by: Cherie Burris • RE/MAX Executive
Mls Name: Triad MLS
Mls ID: #1197642