316 Coronado AveMatthewsNC28104
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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 Matthews at 316 Coronado Ave, Matthews, NC, 28104 priced at $789,513 pairs $3,244/mo rent with after a $3,864/mo payment. Total monthly income equals $3,244/mo. Return on cash invested is 12.82% in year one, and rental yield stands at 4.93% on a $789,513 basis. Equity gained on principal adds $5,095/yr, and 5% annual appreciation accumulates to $218,128 by year five. Five-year ROI measures 64.67% and total cumulative return in cash reaches $167,979. For financing, Ziffy Mortgage’s DSCR program evaluates $3,244/mo property income against a $3,864/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A 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
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Listed by: N/A • Stanley Martin Homes
Mls Name: Stanley Martin Homes
Mls Provider:
Mls ID: #N/A