245 Farm Estates DrRockwellNC28138
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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
Rental property for sale in Rockwell at 245 Farm Estates Dr, Rockwell, NC, 28138 offers $3,637/mo rent that, after a $5,996/mo payment. Total monthly income is $3,637/mo. Return on cash invested measures 8.79% in year one, and rental yield stands at 3.56% at a $1,225,000 entry. Equity gained on principal adds $7,905/yr while 5% annual appreciation compounds into $338,445 by year five. Five-year ROI records 43% and total cumulative return in cash reaches $170,676. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,637/mo property income versus a $5,996/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
5.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28138, Rockwell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,580 (100%) |
| Owner Occupied HU | 3,362 (73.4%) |
| Renter Occupied HU | 927 (20.2%) |
| Vacant Housing Units | 291 ( 6.4%) |
| Median Home Value | $274,062 |
| Average Home Value | $317,255 |
Housing Distribution
Address Breakdown
Residential
4,345
Single Family
4,345
Multi-Family
0
Businesses
233
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Listed by: Karen Allen • Mooresville Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305832