219 Settlemyre Rd, Morganton, NC, 28655 | 6.99% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Morganton at 219 Settlemyre Rd, Morganton, NC, 28655 offers $3,002/mo rent that, after a $2,521/mo payment. Total monthly income is $3,002/mo. Return on cash invested measures 19.09% in year one, and rental yield stands at 6.99% at a $515,000 entry. Equity gained on principal adds $3,323/yr while 5% annual appreciation compounds into $142,285 by year five. Five-year ROI records 98.28% and total cumulative return in cash reaches $166,525. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,002/mo property income versus a $2,521/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1971

5.60 Acres lot

$N/A/sqft

No HOA