607 Rock Barn Rd NEConoverNC28613
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
Investment property for sale in Conover at 607 Rock Barn Rd NE, Conover, NC, 28613 at $359,000 posts ROI 22.09% with $216/mo cash flow from $2,404/mo rent. Total monthly income equals $2,404/mo, and annual cash flow records $2,594/yr on $119,009 to close. Return on cash invested measures 22.09% and rental yield reads 8.04% at the current $359,000. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 by year five. Five-year ROI prints 114.43% and total cumulative return in cash totals $136,183.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,404/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1977
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28613, Conover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,222 (100%) |
| Owner Occupied HU | 7,137 (69.8%) |
| Renter Occupied HU | 2,329 (22.8%) |
| Vacant Housing Units | 756 ( 7.4%) |
| Median Home Value | $275,410 |
| Average Home Value | $338,511 |
Housing Distribution
Address Breakdown
Residential
9,624
Single Family
9,298
Multi-Family
326
Businesses
787
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Nearby investment properties with comparable prices
Listed by: Pam Kendall • Kendall Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315807