4120 Village Blvd NWConoverNC28613
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
Rental property for sale in Conover at 4120 Village Blvd NW, Conover, NC, 28613 generates $2,638/mo in rent and, after a $1,659/mo payment, leaves $572/mo in cash flow. Total monthly income is $2,638/mo, and annual cash flow is $6,868/yr on $112,345 invested. Return on cash invested sits at 26.02% in year one, and rental yield is 9.34% on a $338,900 entry. Equity gained on principal adds $2,187/yr, while 5% annual appreciation builds toward $93,632 over five years. Five-year ROI reaches 135.52% and total cumulative return in cash sums $152,253. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,638/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28613, Conover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,222 (100%) |
| Owner Occupied HU | 7,137 (69.8%) |
| Renter Occupied HU | 2,329 (22.8%) |
| Vacant Housing Units | 756 ( 7.4%) |
| Median Home Value | $275,410 |
| Average Home Value | $338,511 |
Housing Distribution
Address Breakdown
Residential
9,624
Single Family
9,298
Multi-Family
326
Businesses
787
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Listed by: James Soderberg • The Lake Team LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309545