2494 Cherry LnDenverNC28037
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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 2494 Cherry Ln, Denver, NC, 28037 listed at $1,748,000 pairs $3,847/mo rent with a $8,556/mo payment. Total monthly income runs $3,847/mo. Return on cash invested measures 5.95% in year one, and rental yield registers 2.64% at a $1,748,000 basis. Equity gained on principal adds $11,280/yr, and annual property appreciation at 5% supports $482,940 by year five. Five-year ROI tracks 27.75% and total cumulative return in cash totals $157,181. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,847/mo property income relative to a $8,556/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
1.02 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: Jacob Brown • Covenant Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280817