1355 Millrace DrConoverNC28613
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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 1355 Millrace Dr, Conover, NC, 28613 earns $172/mo cash flow from $1,878/mo rent with a $1,370/mo payment. Total monthly income totals $1,878/mo, and annual cash flow totals $2,064/yr on $92,817 capital. ROI tracks 22.13% on current figures, and rental yield reads 8.05% at a $279,990 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,356 over five years. Five-year ROI reaches 114.7% and total cumulative return in cash sums $106,458. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,878/mo property income instead of your personal income.
Single Family
Built in 2000
0.35 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: Andi Jack • RE/MAX A-Team
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336725