3130 Glenn Hope WayMatthewsNC28104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Matthews at 3130 Glenn Hope Way, Matthews, NC, 28104 generates $2,696/mo in rent and, after a $2,031/mo payment, leaves $167/mo in cash flow. Total monthly income is $2,696/mo, and annual cash flow is $2,004/yr on $137,573 invested. Return on cash invested sits at 21.37% in year one, and rental yield is 7.8% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 110.51% and total cumulative return in cash sums $152,037. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,696/mo property income rather than buyer’s personal income.
Townhouse
Built in 2021
0.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28104, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 11,807 (86.7%) |
| Renter Occupied HU | 1,522 (11.2%) |
| Vacant Housing Units | 293 ( 2.2%) |
| Median Home Value | $550,468 |
| Average Home Value | $635,169 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,490
Multi-Family
0
Businesses
585
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chandni Lalchandani • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311219