709 E Main StCherryvilleNC28021
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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 Cherryville at 709 E Main St, Cherryville, NC, 28021 generates $1,114/mo in rent and, after a $697/mo payment, leaves $246/mo in cash flow. Total monthly income is $1,114/mo, and annual cash flow is $2,952/yr on $47,239 invested. Return on cash invested sits at 26.16% in year one, and rental yield is 9.38% on a $142,500 entry. Equity gained on principal adds $920/yr, while 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 136.19% and total cumulative return in cash sums $64,335. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,114/mo property income rather than buyer’s personal income.
Single Family
Built in 1934
0.24 Acres lot
$N/A/sqft
No HOA
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Listed by: Austin Hines • Dean Carpenters Real Estate Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307789