711 Groves StKings 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
Rental property for sale in Kings Mountain at 711 Groves St, Kings Mountain, NC, 28086 offers $2,033/mo rent that, after a $1,419/mo payment, leaves $266/mo cash flow. Total monthly income is $2,033/mo, and annual cash flow is $3,193/yr on $96,102 cash. Return on cash invested measures 23.23% in year one, and rental yield stands at 8.42% at a $289,900 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,094 by year five. Five-year ROI records 120.58% and total cumulative return in cash reaches $115,881. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,033/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
1.03 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: Scottie Bradley • RE/MAX Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318123