173 S Shore DrBelmontNC28012
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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 173 S Shore Dr, Belmont, NC, 28012 priced at $1,299,000 pairs $3,418/mo rent with after a $6,358/mo payment. Total monthly income equals $3,418/mo. Return on cash invested is 7.54% in year one, and rental yield stands at 3.16% on a $1,299,000 basis. Equity gained on principal adds $8,382/yr, and 5% annual appreciation accumulates to $358,890 by year five. Five-year ROI measures 36.31% and total cumulative return in cash reaches $152,821. For financing, Ziffy Mortgage’s DSCR program evaluates $3,418/mo property income against a $6,358/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
0.88 Acres lot
$N/A/sqft
No 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: Joy Pharr • Ivester Jackson Blackstream
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4285479