343 Cove Wood DrDentonNC27239
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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 Denton at 343 Cove Wood Dr, Denton, NC, 27239 generates $1,285/mo in rent, after a $1,982/mo payment. Total monthly income is $1,285/mo. Return on cash invested sits at 9.33% in year one, and rental yield is 3.81% on a $404,980 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation builds toward $111,889 over five years. Five-year ROI reaches 46.06% and total cumulative return in cash sums $61,831. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,285/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27239, Denton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,652 (100%) |
| Owner Occupied HU | 3,184 (68.4%) |
| Renter Occupied HU | 816 (17.5%) |
| Vacant Housing Units | 652 (14.0%) |
| Median Home Value | $262,403 |
| Average Home Value | $296,171 |
Housing Distribution
Address Breakdown
Residential
3,835
Single Family
3,835
Multi-Family
0
Businesses
294
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Listed by: Todd Dowdle • Yadkin Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4282287