24 Fontana Trace DrAlmondNC28702
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
Rental property for sale in Almond at 24 Fontana Trace Dr, Almond, NC, 28702 priced at $139,000 pairs $1,280/mo rent with $347/mo cash flow after a $680/mo payment. Total monthly income equals $1,280/mo, and annual cash flow comes to $4,163/yr on $46,079 invested. Return on cash invested is 28.94% in year one, and rental yield stands at 11.05% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 151.98% and total cumulative return in cash reaches $70,028. For financing, Ziffy Mortgage’s DSCR program evaluates $1,280/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
2.32 Acres lot
$N/A/sqft
$1,035 annually 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: Jerry Mckinney • Fontana Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26012121
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.