1118 Slate Ridge RdMatthewsNC28104
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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 1118 Slate Ridge Rd, Matthews, NC, 28104 listed at $391,900 pairs $2,504/mo rent with a $1,918/mo payment to leave $116/mo cash flow. Total monthly income runs $2,504/mo, and annual cash flow reaches $1,389/yr on $129,915 cash to close. Return on cash invested measures 20.98% in year one, and rental yield registers 7.67% at a $391,900 basis. Equity gained on principal adds $2,529/yr, and annual property appreciation at 5% supports $108,275 by year five. Five-year ROI tracks 108.44% and total cumulative return in cash totals $140,885. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,504/mo property income relative to a $1,918/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
10,018 sqft 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: N/A • N/A
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