242 Anniston WayDavidsonNC28036
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 Davidson at 242 Anniston Way, Davidson, NC, 28036 priced at $1,895,000 pairs $7,072/mo rent with after a $9,275/mo payment. Total monthly income equals $7,072/mo. Return on cash invested is 11.62% in year one, and rental yield stands at 4.48% on a $1,895,000 basis. Equity gained on principal adds $12,228/yr, and 5% annual appreciation accumulates to $523,554 by year five. Five-year ROI measures 58.16% and total cumulative return in cash reaches $357,101. For financing, Ziffy Mortgage’s DSCR program evaluates $7,072/mo property income against a $9,275/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
2.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28036, Davidson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,668 (100%) |
| Owner Occupied HU | 6,377 (73.6%) |
| Renter Occupied HU | 1,815 (20.9%) |
| Vacant Housing Units | 476 ( 5.5%) |
| Median Home Value | $642,522 |
| Average Home Value | $712,496 |
Housing Distribution
Address Breakdown
Residential
8,387
Single Family
6,927
Multi-Family
1,460
Businesses
653
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Nearby investment properties with comparable prices
Listed by: Zeke Farrington • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282666