912 Cathedral DrBelmontNC28012
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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
Rental property for sale in Belmont at 912 Cathedral Dr, Belmont, NC, 28012 generates $2,362/mo in rent and, after a $1,689/mo payment, leaves $259/mo in cash flow. Total monthly income is $2,362/mo, and annual cash flow is $3,108/yr on $114,368 invested. Return on cash invested sits at 22.63% in year one, and rental yield is 8.22% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 117.28% and total cumulative return in cash sums $134,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,362/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.26 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
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Listed by: Becky Adams • Howard Hanna Allen Tate Gastonia
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326521