718 2nd Ave NEConoverNC28613
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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 Conover at 718 2nd Ave NE, Conover, NC, 28613 earns $44/mo cash flow from $1,720/mo rent with a $1,346/mo payment. Total monthly income totals $1,720/mo, and annual cash flow totals $528/yr on $91,163 capital. ROI tracks 20.49% on current figures, and rental yield reads 7.51% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 105.82% and total cumulative return in cash sums $96,467. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,720/mo property income instead of your personal income.
Single Family
Built in 1955
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28613, Conover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,222 (100%) |
| Owner Occupied HU | 7,137 (69.8%) |
| Renter Occupied HU | 2,329 (22.8%) |
| Vacant Housing Units | 756 ( 7.4%) |
| Median Home Value | $275,410 |
| Average Home Value | $338,511 |
Housing Distribution
Address Breakdown
Residential
9,624
Single Family
9,298
Multi-Family
326
Businesses
787
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