2288 Rocky Cove LnDentonNC27239
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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
Total monthly income runs $3,080/mo, and a $6,118/mo payment. Purchase price stands at $1,250,000, and rental yield measures 2.96% with $3,080/mo rent. Return on cash invested shows 6.92% in year one, and 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 32.98% and total cumulative return in cash records $133,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,080/mo property income covering a $6,118/mo payment rather than investor’s personal income.
Single Family
Built in 1999
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27239, Denton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,652 (100%) |
| Owner Occupied HU | 3,184 (68.4%) |
| Renter Occupied HU | 816 (17.5%) |
| Vacant Housing Units | 652 (14.0%) |
| Median Home Value | $262,403 |
| Average Home Value | $296,171 |
Housing Distribution
Address Breakdown
Residential
3,835
Single Family
3,835
Multi-Family
0
Businesses
294
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Listed by: Chris Jones • Charles Jones Realty, Inc.
Mls Name: Triad MLS
Mls ID: #1207583