5217 Canterbury DrConoverNC28613
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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 Conover at 5217 Canterbury Dr, Conover, NC, 28613 listed at $199,000 pairs $1,536/mo rent with a $974/mo payment to leave $323/mo cash flow. Total monthly income runs $1,536/mo, and annual cash flow reaches $3,878/yr on $65,969 cash to close. Return on cash invested measures 25.79% in year one, and rental yield registers 9.26% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 134.31% and total cumulative return in cash totals $88,602. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,536/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28613, Conover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,222 (100%) |
| Owner Occupied HU | 7,137 (69.8%) |
| Renter Occupied HU | 2,329 (22.8%) |
| Vacant Housing Units | 756 ( 7.4%) |
| Median Home Value | $275,410 |
| Average Home Value | $338,511 |
Housing Distribution
Address Breakdown
Residential
9,624
Single Family
9,298
Multi-Family
326
Businesses
787
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Listed by: Emerson Jerry King • Williams & Williams Real Estate Auctions
Mls Name: My State MLS
Mls ID: #11609642