310 E Walker Street ExtEast Flat RockNC28726
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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 East Flat Rock at 310 E Walker Street Ext, East Flat Rock, NC, 28726 uses $92,787 cash to close to unlock $1,441/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $1,826/mo, and a $1,370/mo payment keeps the spread at $120/mo. Purchase price stands at $279,900, and rental yield measures 7.83% with $1,826/mo rent. Return on cash invested shows 21.46% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 111.09% and total cumulative return in cash records $103,081. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,826/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28726, East Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,399 (100%) |
| Owner Occupied HU | 777 (55.5%) |
| Renter Occupied HU | 552 (39.5%) |
| Vacant Housing Units | 70 ( 5.0%) |
| Median Home Value | $268,264 |
| Average Home Value | $275,164 |
Housing Distribution
Address Breakdown
Residential
1,353
Single Family
1,353
Multi-Family
0
Businesses
155
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Listed by: Michael Zerressen • Mike Zerressen Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277756