118 Downey Lake RdDallasNC28034
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 Dallas at 118 Downey Lake Rd, Dallas, NC, 28034 at $180,400 posts ROI 28.03% with $405/mo cash flow from $1,504/mo rent. Total monthly income equals $1,504/mo, and annual cash flow records $4,854/yr on $59,803 to close. Return on cash invested measures 28.03% and rental yield reads 10% at the current $180,400. Equity gained on principal adds $1,164/yr, and 5% annual appreciation supports $49,841 by year five. Five-year ROI prints 146.3% and total cumulative return in cash totals $87,490.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,504/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28034, Dallas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,751 (100%) |
| Owner Occupied HU | 5,909 (67.5%) |
| Renter Occupied HU | 2,315 (26.5%) |
| Vacant Housing Units | 527 ( 6.0%) |
| Median Home Value | $279,675 |
| Average Home Value | $318,208 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,784
Multi-Family
290
Businesses
495
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Nearby investment properties with comparable prices
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