308 N Green St APT 6, Morganton, NC, 28655 | 5.91% Rental Yield

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

Rental property for sale in Morganton at 308 N Green St APT 6, Morganton, NC, 28655 generates $1,230/mo in rent, after a $1,223/mo payment. Total monthly income is $1,230/mo. Return on cash invested sits at 15.67% in year one, and rental yield is 5.91% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 80.02% and total cumulative return in cash sums $66,290. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,230/mo property income rather than buyer’s personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA