208 Parker Dr #85Kings MountainNC28086
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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 Kings Mountain at 208 Parker Dr #85, Kings Mountain, NC, 28086 uses $105,745 cash to close to unlock $7,659/yr annual cash flow and $638/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,561/mo payment keeps the spread at $638/mo. Purchase price stands at $318,990, and rental yield measures 9.93% with $2,640/mo rent. Return on cash invested shows 27.15% in year one, and 5% annual appreciation builds toward $88,131 over five years. Five-year ROI reaches 141.81% and total cumulative return in cash records $149,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.18 Acres lot
$N/A/sqft
$58 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28086, Kings Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 8,074 (65.7%) |
| Renter Occupied HU | 3,422 (27.8%) |
| Vacant Housing Units | 798 ( 6.5%) |
| Median Home Value | $264,200 |
| Average Home Value | $302,621 |
Housing Distribution
Address Breakdown
Residential
11,628
Single Family
11,521
Multi-Family
107
Businesses
799
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Listed by: Evelyn Vargas • DR Horton Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4198336
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)