307 E Glendale AveMount HollyNC28120
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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 Mount Holly at 307 E Glendale Ave, Mount Holly, NC, 28120 offers $2,441/mo rent that, after a $1,640/mo payment, leaves $399/mo cash flow. Total monthly income is $2,441/mo, and annual cash flow is $4,788/yr on $111,053 cash. Return on cash invested measures 24.22% in year one, and rental yield stands at 8.74% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 125.82% and total cumulative return in cash reaches $139,724. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,441/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28120, Mount Holly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,511 (100%) |
| Owner Occupied HU | 8,249 (71.7%) |
| Renter Occupied HU | 2,623 (22.8%) |
| Vacant Housing Units | 639 ( 5.6%) |
| Median Home Value | $350,350 |
| Average Home Value | $385,667 |
Housing Distribution
Address Breakdown
Residential
10,633
Single Family
10,373
Multi-Family
260
Businesses
473
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Listed by: Stephanie Brown • Northway Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330533