88 Blake DrArdenNC28704
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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 Arden at 88 Blake Dr, Arden, NC, 28704 with 5% annual appreciation on a $285,000 basis while $2,234/mo rent supports operations. Total monthly income totals $2,234/mo and a $1,395/mo payment preserves $497/mo for cash returns. Annual cash flow comes to $5,964/yr on $94,478 deployed, and return on cash invested reaches 26.22% in year one. Equity gained on principal adds $1,839/yr, and five-year appreciation sums $78,740 alongside rental yield of 9.41%. Five-year ROI measures 136.56% and total cumulative return in cash totals $129,018.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,234/mo property income versus a $1,395/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28704, Arden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,283 (100%) |
| Owner Occupied HU | 6,564 (49.4%) |
| Renter Occupied HU | 5,409 (40.7%) |
| Vacant Housing Units | 1,310 ( 9.9%) |
| Median Home Value | $460,403 |
| Average Home Value | $610,342 |
Housing Distribution
Address Breakdown
Residential
12,048
Single Family
9,990
Multi-Family
2,058
Businesses
976
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Listed by: Justin Purnell • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325193