818 Gemcrest Dr 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 818 Gemcrest Dr NE, Conover, NC, 28613 offers a 8.8% rental yield on a $260,000 purchase with $1,907/mo rent. Total monthly income registers $1,907/mo, and a $1,273/mo payment leaves $322/mo available for distribution. Annual cash flow reaches $3,864/yr on $86,190 to close, and return on cash invested stands at 24.39% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 126.74% and total cumulative return in cash at $109,241. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,907/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.22 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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Listed by: Rob Taylor • Weichert, Realtors - Team Metro
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330331