610 Margrace RdKings MountainNC28086
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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 Kings Mountain at 610 Margrace Rd, Kings Mountain, NC, 28086 with 5% annual appreciation on a $149,000 basis while $1,171/mo rent supports operations. Total monthly income totals $1,171/mo and a $729/mo payment preserves $263/mo for cash returns. Annual cash flow comes to $3,158/yr on $49,394 deployed, and return on cash invested reaches 26.3% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 9.43%. Five-year ROI measures 137.08% and total cumulative return in cash totals $67,708.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,171/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28086, Kings Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 8,074 (65.7%) |
| Renter Occupied HU | 3,422 (27.8%) |
| Vacant Housing Units | 798 ( 6.5%) |
| Median Home Value | $264,200 |
| Average Home Value | $302,621 |
Housing Distribution
Address Breakdown
Residential
11,628
Single Family
11,521
Multi-Family
107
Businesses
799
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Listed by: Nancy Braun • Showcase Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320528