617 Brown Creek DrMatthewsNC28104
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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 Matthews at 617 Brown Creek Dr, Matthews, NC, 28104 priced at $1,525,000 converts $6,635/mo rent into after a $7,464/mo obligation. Total monthly income equals $6,635/mo. Return on cash invested prints 13.91% in year one, and rental yield reads 5.22% against a $1,525,000 entry. Equity gained on principal adds $9,841/yr, while 5% annual appreciation compiles into $421,329 by year five. Five-year ROI reaches 70.45% and total cumulative return in cash sums $348,108. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,635/mo property income covering a $7,464/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28104, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 11,807 (86.7%) |
| Renter Occupied HU | 1,522 (11.2%) |
| Vacant Housing Units | 293 ( 2.2%) |
| Median Home Value | $550,468 |
| Average Home Value | $635,169 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,490
Multi-Family
0
Businesses
585
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Listed by: Lisa McCrossan • Ivester Jackson Christie's
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333512