2344 Smith Cove RdDenverNC28037
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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 Denver at 2344 Smith Cove Rd, Denver, NC, 28037 earns $138/mo cash flow from $3,642/mo rent with a $2,814/mo payment. Total monthly income totals $3,642/mo, and annual cash flow totals $1,656/yr on $189,175 capital. ROI tracks 20.94% on current figures, and rental yield reads 7.6% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 108.17% and total cumulative return in cash sums $204,635. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,642/mo property income instead of your personal income.
Single Family
Built in 2006
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28037, Denver, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,589 (100%) |
| Owner Occupied HU | 10,428 (76.7%) |
| Renter Occupied HU | 2,019 (14.9%) |
| Vacant Housing Units | 1,142 ( 8.4%) |
| Median Home Value | $470,635 |
| Average Home Value | $547,465 |
Housing Distribution
Address Breakdown
Residential
13,309
Single Family
12,670
Multi-Family
639
Businesses
1,164
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Listed by: Mitzi Lieberman • Howard Hanna Allen Tate Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321510