705 Cleveland AveKings MountainNC28086
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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
Investment property for sale in Kings Mountain at 705 Cleveland Ave, Kings Mountain, NC, 28086 uses $56,322 cash to close to unlock $5,233/yr annual cash flow and $436/mo monthly cash flow. Total monthly income runs $1,472/mo, and a $832/mo payment keeps the spread at $436/mo. Purchase price stands at $169,900, and rental yield measures 10.4% with $1,472/mo rent. Return on cash invested shows 29.2% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 152.64% and total cumulative return in cash records $85,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,472/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28086, Kings Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 8,074 (65.7%) |
| Renter Occupied HU | 3,422 (27.8%) |
| Vacant Housing Units | 798 ( 6.5%) |
| Median Home Value | $264,200 |
| Average Home Value | $302,621 |
Housing Distribution
Address Breakdown
Residential
11,628
Single Family
11,521
Multi-Family
107
Businesses
799
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Listed by: Emily Macon • Robert Greene Real Estate, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322496