311 King St E #1Kings MountainNC28086
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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 Kings Mountain at 311 King St E #1, Kings Mountain, NC, 28086 offers a 8.75% rental yield on a $304,990 purchase with $2,225/mo rent. Total monthly income registers $2,225/mo, and a $1,493/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,392/yr on $101,104 to close, and return on cash invested stands at 24.25% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,263 over five years. Portfolio math shows five-year ROI at 126.05% and total cumulative return in cash at $127,447. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,225/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
0.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28086, Kings Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 8,074 (65.7%) |
| Renter Occupied HU | 3,422 (27.8%) |
| Vacant Housing Units | 798 ( 6.5%) |
| Median Home Value | $264,200 |
| Average Home Value | $302,621 |
Housing Distribution
Address Breakdown
Residential
11,628
Single Family
11,521
Multi-Family
107
Businesses
799
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Listed by: Sandy McComb • Accent Homes Carolinas, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321403