5229 Mays StConoverNC28613
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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 5229 Mays St, Conover, NC, 28613 uses $82,544 cash to close to unlock $1,358/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $1,631/mo, and a $1,219/mo payment keeps the spread at $113/mo. Purchase price stands at $249,000, and rental yield measures 7.86% with $1,631/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 111.59% and total cumulative return in cash records $92,108. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,631/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.33 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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