202 Woodridge 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 202 Woodridge Dr, Belmont, NC, 28012 offers $2,618/mo rent that, after a $2,258/mo payment. Total monthly income is $2,618/mo. Return on cash invested measures 18.39% in year one, and rental yield stands at 6.81% at a $461,250 entry. Equity gained on principal adds $2,976/yr while 5% annual appreciation compounds into $127,435 by year five. Five-year ROI records 94.58% and total cumulative return in cash reaches $144,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,618/mo property income versus a $2,258/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.50 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: Bruce Allen • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291878