450 & 440 Ridgeland Dr, Cleveland, NC, 27013 | Equity Gain $1,606/yr

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cleveland at 450 & 440 Ridgeland Dr, Cleveland, NC, 27013 listed at $248,900 pairs $0/mo rent with a $1,218/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -2.15% in year one, and rental yield registers 0% at a $248,900 basis. Equity gained on principal adds $1,606/yr, and annual property appreciation at 5% supports $68,766 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,218/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1980

1.12 Acres lot

$N/A/sqft

No HOA