2849 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 2849 Snead Ct NE, Conover, NC, 28613 generates $3,930/mo in rent, after a $4,058/mo payment. Total monthly income is $3,930/mo. Return on cash invested sits at 15.12% in year one, and rental yield is 5.69% on a $829,000 entry. Equity gained on principal adds $5,349/yr, while 5% annual appreciation builds toward $229,037 over five years. Five-year ROI reaches 77.02% and total cumulative return in cash sums $210,052. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,930/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.97 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: Lisa Archer • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309863