6293 Karen DrClaremontNC28610
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
Rental property for sale in Claremont at 6293 Karen Dr, Claremont, NC, 28610 generates $1,852/mo in rent and, after a $1,150/mo payment, leaves $420/mo in cash flow. Total monthly income is $1,852/mo, and annual cash flow is $5,040/yr on $77,903 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 9.46% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 137.39% and total cumulative return in cash sums $107,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,852/mo property income rather than buyer’s personal income.
Manufactured
Built in 1993
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28610, Claremont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,390 (100%) |
| Owner Occupied HU | 3,117 (71.0%) |
| Renter Occupied HU | 921 (21.0%) |
| Vacant Housing Units | 352 ( 8.0%) |
| Median Home Value | $273,083 |
| Average Home Value | $318,251 |
Housing Distribution
Address Breakdown
Residential
3,910
Single Family
3,822
Multi-Family
88
Businesses
182
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wanda Prince • Prince Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314319