120 Abernathy StMount HollyNC28120
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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 Mount Holly at 120 Abernathy St, Mount Holly, NC, 28120 uses $97,759 cash to close to unlock $1,825/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,949/mo, and a $1,443/mo payment keeps the spread at $152/mo. Purchase price stands at $294,900, and rental yield measures 7.93% with $1,949/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash records $110,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,949/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28120, Mount Holly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,511 (100%) |
| Owner Occupied HU | 8,249 (71.7%) |
| Renter Occupied HU | 2,623 (22.8%) |
| Vacant Housing Units | 639 ( 5.6%) |
| Median Home Value | $350,350 |
| Average Home Value | $385,667 |
Housing Distribution
Address Breakdown
Residential
10,633
Single Family
10,373
Multi-Family
260
Businesses
473
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Listed by: Sarah Lucas • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286149