139 Harper Lee StDavidsonNC28036
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 Davidson at 139 Harper Lee St, Davidson, NC, 28036 priced at $559,000 converts $3,126/mo rent into after a $2,736/mo obligation. Total monthly income equals $3,126/mo. Return on cash invested prints 18.23% in year one, and rental yield reads 6.71% against a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation compiles into $154,441 by year five. Five-year ROI reaches 93.69% and total cumulative return in cash sums $172,299. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,126/mo property income covering a $2,736/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
0.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28036, Davidson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,668 (100%) |
| Owner Occupied HU | 6,377 (73.6%) |
| Renter Occupied HU | 1,815 (20.9%) |
| Vacant Housing Units | 476 ( 5.5%) |
| Median Home Value | $642,522 |
| Average Home Value | $712,496 |
Housing Distribution
Address Breakdown
Residential
8,387
Single Family
6,927
Multi-Family
1,460
Businesses
653
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Lib Richards • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4262722