2966 Perkins Ave, Morganton, NC, 28655 | $272/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Morganton at 2966 Perkins Ave, Morganton, NC, 28655 offers a 9.53% rental yield on a $147,616 purchase with $1,172/mo rent. Total monthly income registers $1,172/mo, and a $723/mo payment leaves $272/mo available for distribution. Annual cash flow reaches $3,262/yr on $48,935 to close, and return on cash invested stands at 26.58% in year one. Equity gained on principal adds $953/yr while 5% annual appreciation supports $40,784 over five years. Portfolio math shows five-year ROI at 138.46% and total cumulative return in cash at $67,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,172/mo property income against a $723/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1975

0.62 Acres lot

$N/A/sqft

No HOA