1115 Drummond LnMatthewsNC28104
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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 Matthews at 1115 Drummond Ln, Matthews, NC, 28104 earns $885/mo cash flow from $2,820/mo rent with a $1,554/mo payment. Total monthly income totals $2,820/mo, and annual cash flow totals $10,620/yr on $105,251 capital. ROI tracks 30% on current figures, and rental yield reads 10.66% at a $317,500 purchase. Equity gained on principal adds $2,049/yr, and 5% annual appreciation supports $87,719 over five years. Five-year ROI reaches 156.82% and total cumulative return in cash sums $165,058. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,820/mo property income instead of your personal income.
Townhouse
Built in 2004
0.04 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: Joanna Housiadas • Helen Adams Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317051