490 Robin Reed CtPinevilleNC28134
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
Investment property for sale in Pineville at 490 Robin Reed Ct, Pineville, NC, 28134 with 5% annual appreciation on a $339,500 basis while $2,390/mo rent supports operations. Total monthly income totals $2,390/mo and a $1,662/mo payment preserves $321/mo for cash returns. Annual cash flow comes to $3,847/yr on $112,544 deployed, and return on cash invested reaches 23.33% in year one. Equity gained on principal adds $2,191/yr, and five-year appreciation sums $93,798 alongside rental yield of 8.45%. Five-year ROI measures 121.07% and total cumulative return in cash totals $136,253.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,390/mo property income versus a $1,662/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2001
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28134, Pineville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,633 (100%) |
| Owner Occupied HU | 3,327 (59.1%) |
| Renter Occupied HU | 2,112 (37.5%) |
| Vacant Housing Units | 194 ( 3.4%) |
| Median Home Value | $441,383 |
| Average Home Value | $466,942 |
Housing Distribution
Address Breakdown
Residential
5,912
Single Family
5,153
Multi-Family
759
Businesses
1,100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Douglas Scott • The Urban Real Estate Firm
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295382