3002 Denwood DrClaremontNC28610
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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 Claremont at 3002 Denwood Dr, Claremont, NC, 28610 listed at $179,900 pairs $1,387/mo rent with a $881/mo payment to leave $290/mo cash flow. Total monthly income runs $1,387/mo, and annual cash flow reaches $3,481/yr on $59,637 cash to close. Return on cash invested measures 25.75% in year one, and rental yield registers 9.25% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 134.13% and total cumulative return in cash totals $79,989. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,387/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28610, Claremont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,390 (100%) |
| Owner Occupied HU | 3,117 (71.0%) |
| Renter Occupied HU | 921 (21.0%) |
| Vacant Housing Units | 352 ( 8.0%) |
| Median Home Value | $273,083 |
| Average Home Value | $318,251 |
Housing Distribution
Address Breakdown
Residential
3,910
Single Family
3,822
Multi-Family
88
Businesses
182
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Listed by: Robin Creel • Coldwell Banker Boyd & Hassell
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332720