1310 31st StConoverNC28613
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
Rental property for sale in Conover at 1310 31st St, Conover, NC, 28613 generates $2,651/mo in rent and, after a $1,730/mo payment, leaves $426/mo in cash flow. Total monthly income is $2,651/mo, and annual cash flow is $5,111/yr on $117,144 invested. Return on cash invested sits at 24.27% in year one, and rental yield is 9% on a $353,375 entry. Equity gained on principal adds $2,280/yr, while 5% annual appreciation builds toward $97,631 over five years. Five-year ROI reaches 126.37% and total cumulative return in cash sums $148,037. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,651/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.15 Acres lot
$N/A/sqft
$71 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28613, Conover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,222 (100%) |
| Owner Occupied HU | 7,137 (69.8%) |
| Renter Occupied HU | 2,329 (22.8%) |
| Vacant Housing Units | 756 ( 7.4%) |
| Median Home Value | $275,410 |
| Average Home Value | $338,511 |
Housing Distribution
Address Breakdown
Residential
9,624
Single Family
9,298
Multi-Family
326
Businesses
787
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Nearby investment properties with comparable prices
Listed by: Jimmy McClurg • Meritage Homes of the Carolinas
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4189832
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)