112 Kimbo DrKings MountainNC28086
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Kings Mountain at 112 Kimbo Dr, Kings Mountain, NC, 28086 uses $74,588 cash to close to unlock $7,728/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $2,015/mo, and a $1,101/mo payment keeps the spread at $644/mo. Purchase price stands at $225,000, and rental yield measures 10.75% with $2,015/mo rent. Return on cash invested shows 30.27% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 158.27% and total cumulative return in cash records $118,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,015/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28086, Kings Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 8,074 (65.7%) |
| Renter Occupied HU | 3,422 (27.8%) |
| Vacant Housing Units | 798 ( 6.5%) |
| Median Home Value | $264,200 |
| Average Home Value | $302,621 |
Housing Distribution
Address Breakdown
Residential
11,628
Single Family
11,521
Multi-Family
107
Businesses
799
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vickie Spurling • Vickie Spurling Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328848