8360 Ulster CtDenverNC28037
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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 8360 Ulster Ct, Denver, NC, 28037 uses $142,379 cash to close to unlock $2,947/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,863/mo, and a $2,102/mo payment keeps the spread at $246/mo. Purchase price stands at $429,500, and rental yield measures 8% with $2,863/mo rent. Return on cash invested shows 21.98% in year one, and 5% annual appreciation builds toward $118,663 over five years. Five-year ROI reaches 113.82% and total cumulative return in cash records $162,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,863/mo property income covering a $2,102/mo payment rather than investor’s personal income.
Townhouse
Built in 2018
0.07 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: Matt Sarver • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292559