3134 Rainbow Ridge DrMatthewsNC28105
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
Investment property for sale in Matthews at 3134 Rainbow Ridge Dr, Matthews, NC, 28105 uses $101,439 cash to close to unlock $7,738/yr annual cash flow and $645/mo monthly cash flow. Total monthly income runs $2,510/mo, and a $1,498/mo payment keeps the spread at $645/mo. Purchase price stands at $306,000, and rental yield measures 9.84% with $2,510/mo rent. Return on cash invested shows 27.54% in year one, and 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 143.62% and total cumulative return in cash records $145,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,510/mo property income covering a $1,498/mo payment rather than investor’s personal income.
Single Family
Built in 2015
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28105, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,494 (100%) |
| Owner Occupied HU | 12,458 (63.9%) |
| Renter Occupied HU | 6,384 (32.7%) |
| Vacant Housing Units | 652 ( 3.3%) |
| Median Home Value | $457,147 |
| Average Home Value | $515,720 |
Housing Distribution
Address Breakdown
Residential
19,513
Single Family
15,532
Multi-Family
3,981
Businesses
1,554
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Braun • Showcase Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4285364