40 Firefly Ridge TrlAlexanderNC28701
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
Total monthly income runs $4,200/mo, and a $3,549/mo payment. Purchase price stands at $725,000, and rental yield measures 6.95% with $4,200/mo rent. Return on cash invested shows 18.96% in year one, and 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 97.58% and total cumulative return in cash records $232,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $3,549/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28701, Alexander, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,996 (100%) |
| Owner Occupied HU | 1,432 (71.7%) |
| Renter Occupied HU | 341 (17.1%) |
| Vacant Housing Units | 223 (11.2%) |
| Median Home Value | $370,307 |
| Average Home Value | $486,063 |
Housing Distribution
Address Breakdown
Residential
1,952
Single Family
1,952
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tina White • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332554