742 Old State Highway 20AlexanderNC28701
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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
Total monthly income runs $2,904/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 6.98% with $2,904/mo rent. Return on cash invested shows 18.92% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 97.41% and total cumulative return in cash records $161,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,904/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 2017
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28701, Alexander, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,996 (100%) |
| Owner Occupied HU | 1,432 (71.7%) |
| Renter Occupied HU | 341 (17.1%) |
| Vacant Housing Units | 223 (11.2%) |
| Median Home Value | $370,307 |
| Average Home Value | $486,063 |
Housing Distribution
Address Breakdown
Residential
1,952
Single Family
1,952
Multi-Family
0
Businesses
48
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Listed by: David Plyler • Lusso Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4249395