194 Pine Cove LnAlexanderNC28701
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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 Alexander at 194 Pine Cove Ln, Alexander, NC, 28701 priced at $459,000 pairs $2,977/mo rent with $179/mo cash flow after a $2,247/mo payment. Total monthly income equals $2,977/mo, and annual cash flow comes to $2,150/yr on $152,159 invested. Return on cash invested is 21.32% in year one, and rental yield stands at 7.78% on a $459,000 basis. Equity gained on principal adds $2,962/yr, and 5% annual appreciation accumulates to $126,813 by year five. Five-year ROI measures 110.32% and total cumulative return in cash reaches $167,855. For financing, Ziffy Mortgage’s DSCR program evaluates $2,977/mo property income against a $2,247/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
1.12 Acres lot
$N/A/sqft
No 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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