3517 Honeysuckle DrMatthewsNC28104
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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 Matthews at 3517 Honeysuckle Dr, Matthews, NC, 28104 earns from $2,890/mo rent with a $3,402/mo payment. Total monthly income totals $2,890/mo. ROI tracks 13% on current figures, and rental yield reads 4.99% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 65.6% and total cumulative return in cash sums $150,006. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,890/mo property income instead of your personal income.
Single Family
Built in 1988
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28104, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 11,807 (86.7%) |
| Renter Occupied HU | 1,522 (11.2%) |
| Vacant Housing Units | 293 ( 2.2%) |
| Median Home Value | $550,468 |
| Average Home Value | $635,169 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,490
Multi-Family
0
Businesses
585
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Listed by: Kalie Koivisto • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291440