204 Balboa StMatthewsNC28104
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
Investment Highlights
Rental property for sale in Matthews at 204 Balboa St, Matthews, NC, 28104 offers $4,499/mo rent that, after a $3,421/mo payment, leaves $239/mo cash flow. Total monthly income is $4,499/mo, and annual cash flow is $2,870/yr on $229,971 cash. Return on cash invested measures 21.31% in year one, and rental yield stands at 7.72% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Five-year ROI records 110.2% and total cumulative return in cash reaches $253,418. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,499/mo property income versus a $3,421/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.27 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Miller • SM North Carolina Brokerage
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330947