335 Melrose Ave UNIT 109TryonNC28782
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 Tryon at 335 Melrose Ave UNIT 109, Tryon, NC, 28782 earns $1,628/mo cash flow from $3,766/mo rent with a $1,468/mo payment. Total monthly income totals $3,766/mo, and annual cash flow totals $19,537/yr on $99,417 capital. ROI tracks 39.56% on current figures, and rental yield reads 15.07% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 209.5% and total cumulative return in cash sums $208,276. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,766/mo property income instead of your personal income.
Condo
Built in 1983
0.03 Acres lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28782, Tryon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,533 (100%) |
| Owner Occupied HU | 2,164 (61.3%) |
| Renter Occupied HU | 699 (19.8%) |
| Vacant Housing Units | 670 (19.0%) |
| Median Home Value | $417,073 |
| Average Home Value | $467,884 |
Housing Distribution
Address Breakdown
Residential
3,199
Single Family
3,165
Multi-Family
34
Businesses
332
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Nearby investment properties with comparable prices
Listed by: Laura Peek • Gasperson-Peek Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4133596
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)