602 W Union St, Morganton, NC, 28655 | $1,185/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Morganton at 602 W Union St, Morganton, NC, 28655 priced at $554,625 converts $4,566/mo rent into $1,185/mo cash flow after a $2,715/mo obligation. Total monthly income equals $4,566/mo, and annual cash flow totals $14,225/yr on $182,472 invested. Return on cash invested prints 27.86% in year one, and rental yield reads 9.88% against a $554,625 entry. Equity gained on principal adds $3,579/yr, while 5% annual appreciation compiles into $153,233 by year five. Five-year ROI reaches 145.31% and total cumulative return in cash sums $265,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,566/mo property income covering a $2,715/mo payment, not borrower’s personal income.

Single Family

Built in 1926

0.43 Acres lot

$N/A/sqft

No HOA