1838 Myrtle AvePinevilleNC28134
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1838 Myrtle Ave, Pineville, NC, 28134 in Pineville deserves attention. This $125,000 property earns $2,026/mo in rent, a 19.45% gross yield, and nets $1,264/mo after the $562/mo payment. DSCR 3.60 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $34,535 compounds alongside $1,151/yr in yearly equity build, for a total cumulative return of $128,695.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 19.5% | 6.2% |
| Monthly Cash Flow | $1,264 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,026 |
| Total Monthly Debt Service | $712 |
| DSCR Ratio | 2.85x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28134, Pineville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,633 (100%) |
| Owner Occupied HU | 3,327 (59.1%) |
| Renter Occupied HU | 2,112 (37.5%) |
| Vacant Housing Units | 194 ( 3.4%) |
| Median Home Value | $441,383 |
| Average Home Value | $466,942 |
Housing Distribution
Address Breakdown
Residential
5,912
Single Family
5,153
Multi-Family
759
Businesses
1,100
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
Lot
Built in N/A
0.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28134, Pineville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,633 (100%) |
| Owner Occupied HU | 3,327 (59.1%) |
| Renter Occupied HU | 2,112 (37.5%) |
| Vacant Housing Units | 194 ( 3.4%) |
| Median Home Value | $441,383 |
| Average Home Value | $466,942 |
Housing Distribution
Address Breakdown
Residential
5,912
Single Family
5,153
Multi-Family
759
Businesses
1,100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices