207 Balboa StMatthewsNC28104
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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 207 Balboa St, Matthews, NC, 28104 offers a 6.04% rental yield on a $644,000 purchase with $3,244/mo rent. 2% in year one. Equity gained on principal adds $4,156/yr while 5% annual appreciation supports $177,925 over five years. Portfolio math shows five-year ROI at 82.84% and total cumulative return in cash at $175,514. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,244/mo property income against a $3,152/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.23 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: Stephanie Miller • SM North Carolina Brokerage
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283726