2846 Snead Ct NEConoverNC28613
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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 Conover at 2846 Snead Ct NE, Conover, NC, 28613 priced at $949,900 pairs $5,527/mo rent with after a $4,649/mo payment. Total monthly income equals $5,527/mo. Return on cash invested is 19.05% in year one, and rental yield stands at 6.98% on a $949,900 basis. Equity gained on principal adds $6,130/yr, and 5% annual appreciation accumulates to $262,440 by year five. Five-year ROI measures 98.11% and total cumulative return in cash reaches $306,606. For financing, Ziffy Mortgage’s DSCR program evaluates $5,527/mo property income against a $4,649/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28613, Conover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,222 (100%) |
| Owner Occupied HU | 7,137 (69.8%) |
| Renter Occupied HU | 2,329 (22.8%) |
| Vacant Housing Units | 756 ( 7.4%) |
| Median Home Value | $275,410 |
| Average Home Value | $338,511 |
Housing Distribution
Address Breakdown
Residential
9,624
Single Family
9,298
Multi-Family
326
Businesses
787
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Listed by: Candace Tait • The Joan Killian Everett Company, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309606