361 Settlemyre RdMorgantonNC28655
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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 Morganton at 361 Settlemyre Rd, Morganton, NC, 28655 uses $118,810 cash to close to unlock $2,423/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $2,386/mo, and a $1,754/mo payment keeps the spread at $202/mo. Purchase price stands at $358,400, and rental yield measures 7.99% with $2,386/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $99,019 over five years. Five-year ROI reaches 113.65% and total cumulative return in cash records $135,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,386/mo property income covering a $1,754/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.47 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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