232 Maddie Ln #1013CStallingsNC28104
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 Stallings at 232 Maddie Ln #1013C, Stallings, NC, 28104 offers a 8.76% rental yield on a $399,990 purchase with $2,920/mo rent. Total monthly income registers $2,920/mo, and a $1,958/mo payment leaves $282/mo available for distribution. Annual cash flow reaches $3,384/yr on $132,597 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,510 over five years. Portfolio math shows five-year ROI at 117.09% and total cumulative return in cash at $155,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,920/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
0.04 Acres lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28104, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 11,807 (86.7%) |
| Renter Occupied HU | 1,522 (11.2%) |
| Vacant Housing Units | 293 ( 2.2%) |
| Median Home Value | $550,468 |
| Average Home Value | $635,169 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,490
Multi-Family
0
Businesses
585
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grady Thomas • Thomas Property Group, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4151552
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)