2803 Old House CresMatthewsNC28105
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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 Matthews at 2803 Old House Cres, Matthews, NC, 28105 uses $132,766 cash to close to unlock $6,281/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $2,964/mo, and a $1,960/mo payment keeps the spread at $523/mo. Purchase price stands at $400,500, and rental yield measures 8.88% with $2,964/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $110,651 over five years. Five-year ROI reaches 128.1% and total cumulative return in cash records $170,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,964/mo property income covering a $1,960/mo payment rather than investor’s personal income.
Single Family
Built in 2012
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28105, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,494 (100%) |
| Owner Occupied HU | 12,458 (63.9%) |
| Renter Occupied HU | 6,384 (32.7%) |
| Vacant Housing Units | 652 ( 3.3%) |
| Median Home Value | $457,147 |
| Average Home Value | $515,720 |
Housing Distribution
Address Breakdown
Residential
19,513
Single Family
15,532
Multi-Family
3,981
Businesses
1,554
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