1530 Reflection Pointe BlvdBelmontNC28012
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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
Rental property for sale in Belmont at 1530 Reflection Pointe Blvd, Belmont, NC, 28012 priced at $150,000 converts $3,559/mo rent into $2,448/mo cash flow after a $734/mo obligation. Total monthly income equals $3,559/mo, and annual cash flow totals $29,380/yr on $49,725 invested. Return on cash invested prints 78.99% in year one, and rental yield reads 28.47% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 421.35% and total cumulative return in cash sums $209,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,559/mo property income covering a $734/mo payment, not borrower’s personal income.
Lot
Built in N/A
0.50 Acres lot
$N/A/sqft
$1,180 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28012, Belmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,907 (64.2%) |
| Renter Occupied HU | 3,733 (26.9%) |
| Vacant Housing Units | 1,237 ( 8.9%) |
| Median Home Value | $408,467 |
| Average Home Value | $469,719 |
Housing Distribution
Address Breakdown
Residential
12,873
Single Family
11,456
Multi-Family
1,417
Businesses
877
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Listed by: Jonathan Minerick • Homecoin.com
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4195058
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)