117 Robinson AveMatthewsNC28104
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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 Matthews at 117 Robinson Ave, Matthews, NC, 28104 offers a 7.81% rental yield on a $520,000 purchase with $3,385/mo rent. Total monthly income registers $3,385/mo, and a $2,545/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,592/yr on $171,080 to close, and return on cash invested stands at 21.58% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,666 over five years. Portfolio math shows five-year ROI at 111.6% and total cumulative return in cash at $190,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,385/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.55 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: Daniel Oporta • Victory Real Estate Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320280