806 Walnut StBelmontNC28012
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Belmont at 806 Walnut St, Belmont, NC, 28012 generates $1,949/mo in rent, after a $1,615/mo payment. Total monthly income is $1,949/mo. Return on cash invested sits at 19.23% in year one, and rental yield is 7.09% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 99.06% and total cumulative return in cash sums $108,371. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,949/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28012, Belmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,877 (100%) |
| Owner Occupied HU | 8,907 (64.2%) |
| Renter Occupied HU | 3,733 (26.9%) |
| Vacant Housing Units | 1,237 ( 8.9%) |
| Median Home Value | $408,467 |
| Average Home Value | $469,719 |
Housing Distribution
Address Breakdown
Residential
12,873
Single Family
11,456
Multi-Family
1,417
Businesses
877
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben McKinnon • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331282