702 Trail Ridge RdMatthewsNC28105
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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 702 Trail Ridge Rd, Matthews, NC, 28105 priced at $499,900 converts $3,086/mo rent into $39/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,086/mo, and annual cash flow totals $469/yr on $165,717 invested. Return on cash invested prints 20.19% in year one, and rental yield reads 7.41% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 104.26% and total cumulative return in cash sums $172,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,086/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28105, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,494 (100%) |
| Owner Occupied HU | 12,458 (63.9%) |
| Renter Occupied HU | 6,384 (32.7%) |
| Vacant Housing Units | 652 ( 3.3%) |
| Median Home Value | $457,147 |
| Average Home Value | $515,720 |
Housing Distribution
Address Breakdown
Residential
19,513
Single Family
15,532
Multi-Family
3,981
Businesses
1,554
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Listed by: Steven Keretses • Keller Williams Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4313061