34 Chowan DrFletcherNC28732
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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 Fletcher at 34 Chowan Dr, Fletcher, NC, 28732 listed at $429,600 pairs $2,562/mo rent with a $2,103/mo payment. Total monthly income runs $2,562/mo. Return on cash invested measures 19.43% in year one, and rental yield registers 7.16% at a $429,600 basis. Equity gained on principal adds $2,772/yr, and annual property appreciation at 5% supports $118,691 by year five. Five-year ROI tracks 100.18% and total cumulative return in cash totals $142,665. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,562/mo property income relative to a $2,103/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
0.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28732, Fletcher, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 6,356 (72.9%) |
| Renter Occupied HU | 1,760 (20.2%) |
| Vacant Housing Units | 608 ( 7.0%) |
| Median Home Value | $396,542 |
| Average Home Value | $531,826 |
Housing Distribution
Address Breakdown
Residential
8,256
Single Family
8,255
Multi-Family
1
Businesses
633
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Listed by: Caryn Huggins • Southern Roots Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286913