1240 Ferguson Cove LoopClydeNC28721
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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
Total monthly income runs $1,286/mo, and a $1,958/mo payment. Purchase price stands at $400,000, and rental yield measures 3.86% with $1,286/mo rent. Return on cash invested shows 9.48% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 46.81% and total cumulative return in cash records $62,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,286/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1930
1.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28721, Clyde, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,347 (100%) |
| Owner Occupied HU | 3,430 (64.1%) |
| Renter Occupied HU | 1,122 (21.0%) |
| Vacant Housing Units | 795 (14.9%) |
| Median Home Value | $283,824 |
| Average Home Value | $335,403 |
Housing Distribution
Address Breakdown
Residential
4,925
Single Family
4,900
Multi-Family
25
Businesses
254
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Listed by: Matt Tavener • Keller Williams Professionals
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326441