1202 Flowe DrMatthewsNC28104
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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 Matthews at 1202 Flowe Dr, Matthews, NC, 28104 uses $117,683 cash to close to unlock $1,344/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $2,276/mo, and a $1,738/mo payment keeps the spread at $112/mo. Purchase price stands at $355,000, and rental yield measures 7.69% with $2,276/mo rent. Return on cash invested shows 21.05% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 108.83% and total cumulative return in cash records $128,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,276/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.42 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: Lucy Drake • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4316400