263 Newberry DrFletcherNC28732
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 Fletcher at 263 Newberry Dr, Fletcher, NC, 28732 offers $2,420/mo rent that, after a $1,468/mo payment, leaves $592/mo cash flow. Total monthly income is $2,420/mo, and annual cash flow is $7,105/yr on $99,417 cash. Return on cash invested measures 27.06% in year one, and rental yield stands at 9.68% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 141.08% and total cumulative return in cash reaches $140,260. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,420/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28732, Fletcher, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 6,356 (72.9%) |
| Renter Occupied HU | 1,760 (20.2%) |
| Vacant Housing Units | 608 ( 7.0%) |
| Median Home Value | $396,542 |
| Average Home Value | $531,826 |
Housing Distribution
Address Breakdown
Residential
8,256
Single Family
8,255
Multi-Family
1
Businesses
633
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Nearby investment properties with comparable prices
Listed by: Shannon Taylor • Patton Allen Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324652