2544 Mount Harmony Church RdMatthewsNC28104
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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 Matthews at 2544 Mount Harmony Church Rd, Matthews, NC, 28104 generates $2,506/mo in rent and, after a $1,835/mo payment, leaves $221/mo in cash flow. Total monthly income is $2,506/mo, and annual cash flow is $2,652/yr on $124,313 invested. Return on cash invested sits at 22.04% in year one, and rental yield is 8.02% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 114.14% and total cumulative return in cash sums $141,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,506/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28104, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 11,807 (86.7%) |
| Renter Occupied HU | 1,522 (11.2%) |
| Vacant Housing Units | 293 ( 2.2%) |
| Median Home Value | $550,468 |
| Average Home Value | $635,169 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,490
Multi-Family
0
Businesses
585
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Listed by: Gracie McGuire • Cross Keys LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307017