6368 Alley RdCatawbaNC28609
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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 Catawba at 6368 Alley Rd, Catawba, NC, 28609 generates $2,098/mo in rent and, after a $1,566/mo payment, leaves $148/mo in cash flow. Total monthly income is $2,098/mo, and annual cash flow is $1,776/yr on $106,080 invested. Return on cash invested sits at 21.58% in year one, and rental yield is 7.87% on a $319,999 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 111.68% and total cumulative return in cash sums $118,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,098/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
4.78 Acres lot
$N/A/sqft
No HOA
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Listed by: Thomas Hocker • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4306411