431 Island Cove RdNorwoodNC28128
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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
Investment property for sale in Norwood at 431 Island Cove Rd, Norwood, NC, 28128 at $499,000 posts ROI 11.55% with from $1,888/mo rent. Total monthly income equals $1,888/mo. Return on cash invested measures 11.55% and rental yield reads 4.54% at the current $499,000. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 by year five. Five-year ROI prints 57.89% and total cumulative return in cash totals $95,754. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,888/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
0.50 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jessy Greene • Four Seasons Realty Albemarle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4152015
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)