605 Village Main CirDavidsonNC28036
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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 Davidson at 605 Village Main Cir, Davidson, NC, 28036 priced at $497,000 converts $2,939/mo rent into after a $2,433/mo obligation. Total monthly income equals $2,939/mo. Return on cash invested prints 19.25% in year one, and rental yield reads 7.1% against a $497,000 entry. Equity gained on principal adds $3,207/yr, while 5% annual appreciation compiles into $137,312 by year five. Five-year ROI reaches 99.2% and total cumulative return in cash sums $163,430. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,939/mo property income covering a $2,433/mo payment, not borrower’s personal income.
Townhouse
Built in 2009
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28036, Davidson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,668 (100%) |
| Owner Occupied HU | 6,377 (73.6%) |
| Renter Occupied HU | 1,815 (20.9%) |
| Vacant Housing Units | 476 ( 5.5%) |
| Median Home Value | $642,522 |
| Average Home Value | $712,496 |
Housing Distribution
Address Breakdown
Residential
8,387
Single Family
6,927
Multi-Family
1,460
Businesses
653
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Listed by: Trish Greer • Ivester Jackson Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283757