23 Honeysuckle RdgAlmondNC28702
Nearby investment properties with comparable rents
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
Investment property for sale in Almond at 23 Honeysuckle Rdg, Almond, NC, 28702 with 5% annual appreciation on a $269,900 basis while $1,818/mo rent supports operations. Total monthly income totals $1,818/mo and a $1,321/mo payment preserves $173/mo for cash returns. Annual cash flow comes to $2,077/yr on $89,472 deployed, and return on cash invested reaches 22.23% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 8.08%. Five-year ROI measures 115.22% and total cumulative return in cash totals $103,086.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,818/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28702, Almond, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 431 (100%) |
| Owner Occupied HU | 159 (36.9%) |
| Renter Occupied HU | 39 ( 9.0%) |
| Vacant Housing Units | 233 (54.1%) |
| Median Home Value | $261,364 |
| Average Home Value | $306,368 |
Housing Distribution
Address Breakdown
Residential
236
Single Family
236
Multi-Family
0
Businesses
19
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Listed by: Makin' Dreams Happen Realty Group • Kirkpatrick Realty Vacation Rentals LLC
Mls Name: Mountain Lakes BOR
Mls ID: #153316