601 W 2nd StCherryvilleNC28021
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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 Cherryville at 601 W 2nd St, Cherryville, NC, 28021 earns $501/mo cash flow from $1,409/mo rent with a $729/mo payment. Total monthly income totals $1,409/mo, and annual cash flow totals $6,014/yr on $49,394 capital. ROI tracks 32.09% on current figures, and rental yield reads 11.35% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 168.08% and total cumulative return in cash sums $83,020. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,409/mo property income instead of your personal income.
Single Family
Built in 1940
0.18 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jessica Barlow • Fonta Flora Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322642