311 King St E #2Kings 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
Rental property for sale in Kings Mountain at 311 King St E #2, Kings Mountain, NC, 28086 generates $2,034/mo in rent and, after a $1,468/mo payment, leaves $206/mo in cash flow. Total monthly income is $2,034/mo, and annual cash flow is $2,472/yr on $99,447 invested. Return on cash invested sits at 22.39% in year one, and rental yield is 8.14% on a $299,990 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,882 over five years. Five-year ROI reaches 116.09% and total cumulative return in cash sums $115,449. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
0.07 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: #4310866