202/204 Barbour DrMorgantonNC28655
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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 Morganton at 202/204 Barbour Dr, Morganton, NC, 28655 generates $2,400/mo in rent and, after a $1,346/mo payment, leaves $725/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $8,701/yr on $91,129 invested. Return on cash invested sits at 29.46% in year one, and rental yield is 10.48% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 153.97% and total cumulative return in cash sums $140,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Multi Family
Built in 1967
0.38 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Polly Leadbetter • Engel & Volkers Foothills Lake James
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4195898
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