347 Forest Trail DrMatthewsNC28105
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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 Matthews at 347 Forest Trail Dr, Matthews, NC, 28105 generates $7,188/mo in rent and, after a $4,895/mo payment, leaves $1,093/mo in cash flow. Total monthly income is $7,188/mo, and annual cash flow is $13,116/yr on $329,000 invested. Return on cash invested sits at 24.05% in year one, and rental yield is 8.63% on a $1,000,000 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 124.86% and total cumulative return in cash sums $410,800. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,188/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28105, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,494 (100%) |
| Owner Occupied HU | 12,458 (63.9%) |
| Renter Occupied HU | 6,384 (32.7%) |
| Vacant Housing Units | 652 ( 3.3%) |
| Median Home Value | $457,147 |
| Average Home Value | $515,720 |
Housing Distribution
Address Breakdown
Residential
19,513
Single Family
15,532
Multi-Family
3,981
Businesses
1,554
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Listed by: Chip Jetton • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4296693