629 Gelderland 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 629 Gelderland Dr, Matthews, NC, 28104 generates $2,087/mo in rent and, after a $1,388/mo payment, leaves $359/mo in cash flow. Total monthly income is $2,087/mo, and annual cash flow is $4,306/yr on $93,980 invested. Return on cash invested sits at 24.49% in year one, and rental yield is 8.83% on a $283,500 entry. Equity gained on principal adds $1,829/yr, while 5% annual appreciation builds toward $78,326 over five years. Five-year ROI reaches 127.29% and total cumulative return in cash sums $119,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,087/mo property income rather than buyer’s personal income.
Townhouse
Built in 2002
0.11 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: Christy Lewis • NextHome Paramount
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320785