822 Cotton Gin AlyDavidsonNC28036
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 Davidson at 822 Cotton Gin Aly, Davidson, NC, 28036 offers $1,039/mo rent that, after a $650/mo payment, leaves $230/mo cash flow. Total monthly income is $1,039/mo, and annual cash flow is $2,756/yr on $44,024 cash. Return on cash invested measures 26.17% in year one, and rental yield stands at 9.39% at a $132,801 entry. Equity gained on principal adds $857/yr while 5% annual appreciation compounds into $36,690 by year five. Five-year ROI records 136.3% and total cumulative return in cash reaches $60,006. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,039/mo property income versus a $650/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28036, Davidson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,668 (100%) |
| Owner Occupied HU | 6,377 (73.6%) |
| Renter Occupied HU | 1,815 (20.9%) |
| Vacant Housing Units | 476 ( 5.5%) |
| Median Home Value | $642,522 |
| Average Home Value | $712,496 |
Housing Distribution
Address Breakdown
Residential
8,387
Single Family
6,927
Multi-Family
1,460
Businesses
653
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Listed by: Chris Formyduval • Realty One Group Revolution
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4276265