113 Highlander StMorgantonNC28655
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
Rental property for sale in Morganton at 113 Highlander St, Morganton, NC, 28655 priced at $243,450 converts $1,582/mo rent into $98/mo cash flow after a $1,192/mo obligation. Total monthly income equals $1,582/mo, and annual cash flow totals $1,174/yr on $80,704 invested. Return on cash invested prints 21.36% in year one, and rental yield reads 7.8% against a $243,450 entry. Equity gained on principal adds $1,571/yr, while 5% annual appreciation compiles into $67,261 by year five. Five-year ROI reaches 110.51% and total cumulative return in cash sums $89,189. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,582/mo property income covering a $1,192/mo payment, not borrower’s personal income.
Manufactured
Built in 2009
0.16 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paulo Benedeti • Coldwell Banker Newton RE
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4220789
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