304 Shady LnNorwoodNC28128
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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 Norwood at 304 Shady Ln, Norwood, NC, 28128 priced at $197,000 pairs $1,855/mo rent with $655/mo cash flow after a $964/mo payment. Total monthly income equals $1,855/mo, and annual cash flow comes to $7,855/yr on $65,306 invested. Return on cash invested is 31.94% in year one, and rental yield stands at 11.3% on a $197,000 basis. Equity gained on principal adds $1,271/yr, and 5% annual appreciation accumulates to $54,427 by year five. Five-year ROI measures 167.25% and total cumulative return in cash reaches $109,226. For financing, Ziffy Mortgage’s DSCR program evaluates $1,855/mo property income against a $964/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
0.27 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Kimberly Lambert • HOMETOWN REALTY PROS LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4190984
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