5 Fairway DrArdenNC28704
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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
Rental property for sale in Arden at 5 Fairway Dr, Arden, NC, 28704 generates $3,026/mo in rent and, after a $2,276/mo payment, leaves $192/mo in cash flow. Total monthly income is $3,026/mo, and annual cash flow is $2,304/yr on $154,148 invested. Return on cash invested sits at 21.4% in year one, and rental yield is 7.81% on a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 110.72% and total cumulative return in cash sums $170,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,026/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28704, Arden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,283 (100%) |
| Owner Occupied HU | 6,564 (49.4%) |
| Renter Occupied HU | 5,409 (40.7%) |
| Vacant Housing Units | 1,310 ( 9.9%) |
| Median Home Value | $460,403 |
| Average Home Value | $610,342 |
Housing Distribution
Address Breakdown
Residential
12,048
Single Family
9,990
Multi-Family
2,058
Businesses
976
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Listed by: Aleksey Davidchuk • NextHome Partners
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332981