370 W 4th StGarlandNC28441
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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 Garland at 370 W 4th St, Garland, NC, 28441 uses $62,985 cash to close to unlock $6,108/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $1,667/mo, and a $930/mo payment keeps the spread at $509/mo. Purchase price stands at $190,000, and rental yield measures 10.53% with $1,667/mo rent. Return on cash invested shows 29.61% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 154.7% and total cumulative return in cash records $97,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,667/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28441, Garland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,350 (100%) |
| Owner Occupied HU | 863 (63.9%) |
| Renter Occupied HU | 258 (19.1%) |
| Vacant Housing Units | 229 (17.0%) |
| Median Home Value | $147,704 |
| Average Home Value | $200,229 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
75
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Listed by: SANTINA EPPS-THOMAS • THE REAL ESTATE CONCIERGE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #733042
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.