40 Harold Sluder RdAlexanderNC28701
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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
Rental property for sale in Alexander at 40 Harold Sluder Rd, Alexander, NC, 28701 priced at $579,000 converts $2,668/mo rent into after a $2,834/mo obligation. Total monthly income equals $2,668/mo. Return on cash invested prints 14.64% in year one, and rental yield reads 5.53% against a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation compiles into $159,967 by year five. Five-year ROI reaches 74.43% and total cumulative return in cash sums $141,787. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,668/mo property income covering a $2,834/mo payment, not borrower’s personal income.
Single Family
Built in 1993
1 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
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Listed by: Jeanne Forrest • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4240004