128 Summer Shoal PlBelmontNC28012
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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
Rental property for sale in Belmont at 128 Summer Shoal Pl, Belmont, NC, 28012 generates $5,927/mo in rent, after a $6,240/mo payment. Total monthly income is $5,927/mo. Return on cash invested sits at 15.02% in year one, and rental yield is 5.58% on a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation builds toward $352,259 over five years. Five-year ROI reaches 76.37% and total cumulative return in cash sums $315,482. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,927/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28012, Belmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,907 (64.2%) |
| Renter Occupied HU | 3,733 (26.9%) |
| Vacant Housing Units | 1,237 ( 8.9%) |
| Median Home Value | $408,467 |
| Average Home Value | $469,719 |
Housing Distribution
Address Breakdown
Residential
12,873
Single Family
11,456
Multi-Family
1,417
Businesses
877
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Listed by: Jana Joy • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328755