57 Founders WayArdenNC28704
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
Rental property for sale in Arden at 57 Founders Way, Arden, NC, 28704 priced at $380,000 converts $2,588/mo rent into $272/mo cash flow after a $1,860/mo obligation. Total monthly income equals $2,588/mo, and annual cash flow totals $3,264/yr on $125,970 invested. Return on cash invested prints 22.5% in year one, and rental yield reads 8.17% against a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,987 by year five. Five-year ROI reaches 116.6% and total cumulative return in cash sums $146,881. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,588/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.42 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: Alexandra Giltz • Stem Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320158