3170 Riber LnClaremontNC28610
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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
Total monthly income runs $2,150/mo, and a $1,933/mo payment. Purchase price stands at $395,000, and rental yield measures 6.53% with $2,150/mo rent. Return on cash invested shows 17.55% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 90.07% and total cumulative return in cash records $117,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,150/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28610, Claremont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,390 (100%) |
| Owner Occupied HU | 3,117 (71.0%) |
| Renter Occupied HU | 921 (21.0%) |
| Vacant Housing Units | 352 ( 8.0%) |
| Median Home Value | $273,083 |
| Average Home Value | $318,251 |
Housing Distribution
Address Breakdown
Residential
3,910
Single Family
3,822
Multi-Family
88
Businesses
182
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Listed by: Angela Hodges • eXp Realty
Mls Name: Triad MLS
Mls ID: #1188262