7040 Hyde StSherrills FordNC28673
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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 Sherrills Ford at 7040 Hyde St, Sherrills Ford, NC, 28673 priced at $1,299,000 converts $3,221/mo rent into after a $6,358/mo obligation. Total monthly income equals $3,221/mo. Return on cash invested prints 6.98% in year one, and rental yield reads 2.98% against a $1,299,000 entry. Equity gained on principal adds $8,382/yr, while 5% annual appreciation compiles into $358,890 by year five. Five-year ROI reaches 33.3% and total cumulative return in cash sums $140,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,221/mo property income covering a $6,358/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28673, Sherrills Ford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,481 (100%) |
| Owner Occupied HU | 2,923 (65.2%) |
| Renter Occupied HU | 709 (15.8%) |
| Vacant Housing Units | 849 (18.9%) |
| Median Home Value | $465,312 |
| Average Home Value | $584,625 |
Housing Distribution
Address Breakdown
Residential
3,780
Single Family
3,780
Multi-Family
0
Businesses
172
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Listed by: Stephanie Barker • Keller Williams Advantage
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277428