5341 Cherrie Kate Ct #1802StanleyNC28164
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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 Stanley at 5341 Cherrie Kate Ct #1802, Stanley, NC, 28164 generates $2,318/mo in rent and, after a $1,442/mo payment, leaves $311/mo in cash flow. Total monthly income is $2,318/mo, and annual cash flow is $3,738/yr on $97,667 invested. Return on cash invested sits at 23.74% in year one, and rental yield is 9.44% on a $294,620 entry. Equity gained on principal adds $1,901/yr, while 5% annual appreciation builds toward $81,398 over five years. Five-year ROI reaches 124.2% and total cumulative return in cash sums $121,299. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,318/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
0.05 Acres lot
$N/A/sqft
$211 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28164, Stanley, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,790 (100%) |
| Owner Occupied HU | 5,220 (76.9%) |
| Renter Occupied HU | 1,257 (18.5%) |
| Vacant Housing Units | 313 ( 4.6%) |
| Median Home Value | $351,924 |
| Average Home Value | $372,055 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,272
Multi-Family
34
Businesses
340
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Listed by: Diana Campbell • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4198993
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 20:48:51 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)