111 Eleanor Cove RdArdenNC28704
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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
Investment property for sale in Arden at 111 Eleanor Cove Rd, Arden, NC, 28704 with 5% annual appreciation on a $298,990 basis while $2,580/mo rent supports operations. Total monthly income totals $2,580/mo and a $1,463/mo payment preserves $758/mo for cash returns. Annual cash flow comes to $9,099/yr on $99,115 deployed, and return on cash invested reaches 29.09% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,605 alongside rental yield of 10.35%. Five-year ROI measures 151.98% and total cumulative return in cash totals $150,631.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,580/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28704, Arden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,283 (100%) |
| Owner Occupied HU | 6,564 (49.4%) |
| Renter Occupied HU | 5,409 (40.7%) |
| Vacant Housing Units | 1,310 ( 9.9%) |
| Median Home Value | $460,403 |
| Average Home Value | $610,342 |
Housing Distribution
Address Breakdown
Residential
12,048
Single Family
9,990
Multi-Family
2,058
Businesses
976
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Listed by: Whitney Thompson • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A