40 Oak Ridge DrClydeNC28721
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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 Clyde at 40 Oak Ridge Dr, Clyde, NC, 28721 offers $2,578/mo rent that, after a $2,374/mo payment. Total monthly income is $2,578/mo. Return on cash invested measures 17.09% in year one, and rental yield stands at 6.38% at a $485,000 entry. Equity gained on principal adds $3,130/yr while 5% annual appreciation compounds into $133,997 by year five. Five-year ROI records 87.57% and total cumulative return in cash reaches $140,798. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,578/mo property income versus a $2,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28721, Clyde, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,347 (100%) |
| Owner Occupied HU | 3,430 (64.1%) |
| Renter Occupied HU | 1,122 (21.0%) |
| Vacant Housing Units | 795 (14.9%) |
| Median Home Value | $283,824 |
| Average Home Value | $335,403 |
Housing Distribution
Address Breakdown
Residential
4,925
Single Family
4,900
Multi-Family
25
Businesses
254
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Listed by: N/A • N/A
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