2601 Devon DrDallasNC28034
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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 Dallas at 2601 Devon Dr, Dallas, NC, 28034 listed at $255,000 pairs $2,074/mo rent with a $1,248/mo payment to leave $520/mo cash flow. Total monthly income runs $2,074/mo, and annual cash flow reaches $6,240/yr on $84,533 cash to close. Return on cash invested measures 27.29% in year one, and rental yield registers 9.76% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 142.29% and total cumulative return in cash totals $120,284. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,074/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28034, Dallas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,751 (100%) |
| Owner Occupied HU | 5,909 (67.5%) |
| Renter Occupied HU | 2,315 (26.5%) |
| Vacant Housing Units | 527 ( 6.0%) |
| Median Home Value | $279,675 |
| Average Home Value | $318,208 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,784
Multi-Family
290
Businesses
495
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Listed by: Tamara McNeill • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4336214