3317 Coventry Forest LnKingNC27021
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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
Investment property for sale in King at 3317 Coventry Forest Ln, King, NC, 27021 uses $61,328 cash to close to unlock $3,888/yr annual cash flow and $324/mo monthly cash flow. Total monthly income runs $1,451/mo, and a $905/mo payment keeps the spread at $324/mo. Purchase price stands at $185,000, and rental yield measures 9.41% with $1,451/mo rent. Return on cash invested shows 26.25% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 136.7% and total cumulative return in cash records $83,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,451/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27021, King, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,033 (100%) |
| Owner Occupied HU | 5,671 (70.6%) |
| Renter Occupied HU | 1,802 (22.4%) |
| Vacant Housing Units | 560 ( 7.0%) |
| Median Home Value | $214,443 |
| Average Home Value | $246,078 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
7,325
Multi-Family
203
Businesses
480
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Listed by: Christa Goff Perdue • New Beginning Group
Mls Name: Triad MLS
Mls ID: #1199854