436 Spring Gardens DrBelmontNC28012
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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 Belmont at 436 Spring Gardens Dr, Belmont, NC, 28012 with 5% annual appreciation on a $298,000 basis while $2,366/mo rent supports operations. Total monthly income totals $2,366/mo and a $1,459/mo payment preserves $549/mo for cash returns. Annual cash flow comes to $6,593/yr on $98,787 deployed, and return on cash invested reaches 26.58% in year one. Equity gained on principal adds $1,923/yr, and five-year appreciation sums $82,332 alongside rental yield of 9.53%. Five-year ROI measures 138.54% and total cumulative return in cash totals $136,856.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,366/mo property income versus a $1,459/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28012, Belmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,907 (64.2%) |
| Renter Occupied HU | 3,733 (26.9%) |
| Vacant Housing Units | 1,237 ( 8.9%) |
| Median Home Value | $408,467 |
| Average Home Value | $469,719 |
Housing Distribution
Address Breakdown
Residential
12,873
Single Family
11,456
Multi-Family
1,417
Businesses
877
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Listed by: Patrick Nooney • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283881