215 Cardinal LnRondaNC28670
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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 Ronda at 215 Cardinal Ln, Ronda, NC, 28670 offers $1,955/mo rent that, after a $1,072/mo payment, leaves $620/mo cash flow. Total monthly income is $1,955/mo, and annual cash flow is $7,442/yr on $72,599 cash. Return on cash invested measures 30.16% in year one, and rental yield stands at 10.71% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 157.73% and total cumulative return in cash reaches $114,513. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,955/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28670, Ronda, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 899 (71.5%) |
| Renter Occupied HU | 236 (18.8%) |
| Vacant Housing Units | 123 ( 9.8%) |
| Median Home Value | $227,321 |
| Average Home Value | $241,429 |
Housing Distribution
Address Breakdown
Residential
1,172
Single Family
1,172
Multi-Family
0
Businesses
71
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Listed by: Debbie Simpson • RE/MAX Impact Realty
Mls Name: Triad MLS
Mls ID: #1197863