2020 Gable Way LnMatthewsNC28104
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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
Investment property for sale in Matthews at 2020 Gable Way Ln, Matthews, NC, 28104 offers a 7.56% rental yield on a $375,000 purchase with $2,362/mo rent. Total monthly income registers $2,362/mo, and a $1,835/mo payment leaves $77/mo available for distribution. Annual cash flow reaches $924/yr on $124,313 to close, and return on cash invested stands at 20.65% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 106.69% and total cumulative return in cash at $132,627. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,362/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2002
0.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28104, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 11,807 (86.7%) |
| Renter Occupied HU | 1,522 (11.2%) |
| Vacant Housing Units | 293 ( 2.2%) |
| Median Home Value | $550,468 |
| Average Home Value | $635,169 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,490
Multi-Family
0
Businesses
585
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Listed by: Jason Lawson • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324505