7713 Red Robin TrlDenverNC28037
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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 Denver at 7713 Red Robin Trl, Denver, NC, 28037 uses $116,025 cash to close to unlock $3,708/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $2,442/mo, and a $1,713/mo payment keeps the spread at $309/mo. Purchase price stands at $350,000, and rental yield measures 8.37% with $2,442/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 119.83% and total cumulative return in cash records $139,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,442/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28037, Denver, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,589 (100%) |
| Owner Occupied HU | 10,428 (76.7%) |
| Renter Occupied HU | 2,019 (14.9%) |
| Vacant Housing Units | 1,142 ( 8.4%) |
| Median Home Value | $470,635 |
| Average Home Value | $547,465 |
Housing Distribution
Address Breakdown
Residential
13,309
Single Family
12,670
Multi-Family
639
Businesses
1,164
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Listed by: Michelle Kelley • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328338