147 Indian Paintbrush Lan Indian Paintbrush Ln #39AlexanderNC28701
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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 Alexander at 147 Indian Paintbrush Lan Indian Paintbrush Ln #39, Alexander, NC, 28701 earns $588/mo cash flow from $3,029/mo rent with a $1,950/mo payment. Total monthly income totals $3,029/mo, and annual cash flow totals $7,060/yr on $132,103 capital. ROI tracks 25.25% on current figures, and rental yield reads 9.12% at a $398,500 purchase. Equity gained on principal adds $2,571/yr, and 5% annual appreciation supports $110,098 over five years. Five-year ROI reaches 131.43% and total cumulative return in cash sums $173,629. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,029/mo property income instead of your personal income.
Single Family
Built in 2024
0.86 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28701, Alexander, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,996 (100%) |
| Owner Occupied HU | 1,432 (71.7%) |
| Renter Occupied HU | 341 (17.1%) |
| Vacant Housing Units | 223 (11.2%) |
| Median Home Value | $370,307 |
| Average Home Value | $486,063 |
Housing Distribution
Address Breakdown
Residential
1,952
Single Family
1,952
Multi-Family
0
Businesses
48
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Listed by: Aixa Vazquez McElrath • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4139328
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)