231 Browntown RdBelmontNC28012
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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 Belmont at 231 Browntown Rd, Belmont, NC, 28012 offers a 8.07% rental yield on a $285,000 purchase with $1,916/mo rent. Total monthly income registers $1,916/mo, and a $1,395/mo payment leaves $179/mo available for distribution. Annual cash flow reaches $2,148/yr on $94,478 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 114.89% and total cumulative return in cash at $108,546. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,916/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28012, Belmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,907 (64.2%) |
| Renter Occupied HU | 3,733 (26.9%) |
| Vacant Housing Units | 1,237 ( 8.9%) |
| Median Home Value | $408,467 |
| Average Home Value | $469,719 |
Housing Distribution
Address Breakdown
Residential
12,873
Single Family
11,456
Multi-Family
1,417
Businesses
877
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Listed by: Brooks Lindsay • Brooks Lindsay Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291109