7 McGee Ridge RdFairviewNC28730
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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 Fairview at 7 McGee Ridge Rd, Fairview, NC, 28730 offers $2,658/mo rent that, after a $2,325/mo payment. Total monthly income is $2,658/mo. Return on cash invested measures 18.1% in year one, and rental yield stands at 6.71% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 93.02% and total cumulative return in cash reaches $146,467. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,658/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28730, Fairview, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,747 (100%) |
| Owner Occupied HU | 3,312 (69.8%) |
| Renter Occupied HU | 852 (17.9%) |
| Vacant Housing Units | 583 (12.3%) |
| Median Home Value | $541,967 |
| Average Home Value | $599,155 |
Housing Distribution
Address Breakdown
Residential
4,297
Single Family
4,297
Multi-Family
0
Businesses
273
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Listed by: Sophia Carliss • Cool Mountain Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327576