3892 State Highway 10 EClaremontNC28610
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Claremont at 3892 State Highway 10 E, Claremont, NC, 28610 uses $91,163 cash to close to unlock $708/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $1,346/mo payment keeps the spread at $59/mo. Purchase price stands at $275,000, and rental yield measures 7.57% with $1,735/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 106.88% and total cumulative return in cash records $97,439. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1947
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28610, Claremont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,390 (100%) |
| Owner Occupied HU | 3,117 (71.0%) |
| Renter Occupied HU | 921 (21.0%) |
| Vacant Housing Units | 352 ( 8.0%) |
| Median Home Value | $273,083 |
| Average Home Value | $318,251 |
Housing Distribution
Address Breakdown
Residential
3,910
Single Family
3,822
Multi-Family
88
Businesses
182
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yer Yang • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4208070