1312 9th Ave NWConoverNC28613
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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 Conover at 1312 9th Ave NW, Conover, NC, 28613 uses $58,013 cash to close to unlock $12,162/yr annual cash flow and $1,013/mo monthly cash flow. Total monthly income runs $2,106/mo, and a $857/mo payment keeps the spread at $1,013/mo. Purchase price stands at $175,000, and rental yield measures 14.44% with $2,106/mo rent. Return on cash invested shows 40.87% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 215.39% and total cumulative return in cash records $124,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,106/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.39 Acres lot
$N/A/sqft
No 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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Listed by: Jill Galliher • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4153550
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)