62 Bowen DrBelmontNC28012
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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 Belmont at 62 Bowen Dr, Belmont, NC, 28012 priced at $550,000 pairs $3,718/mo rent with $366/mo cash flow after a $2,692/mo payment. Total monthly income equals $3,718/mo, and annual cash flow comes to $4,392/yr on $180,950 invested. Return on cash invested is 22.49% in year one, and rental yield stands at 8.11% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 116.5% and total cumulative return in cash reaches $210,802. For financing, Ziffy Mortgage’s DSCR program evaluates $3,718/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28012, Belmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,907 (64.2%) |
| Renter Occupied HU | 3,733 (26.9%) |
| Vacant Housing Units | 1,237 ( 8.9%) |
| Median Home Value | $408,467 |
| Average Home Value | $469,719 |
Housing Distribution
Address Breakdown
Residential
12,873
Single Family
11,456
Multi-Family
1,417
Businesses
877
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Listed by: Landon Albrick • ALBRICK
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301450