967 Russell Ridge Dr UNIT 17, Catawba, NC, 28609 | $898/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Catawba at 967 Russell Ridge Dr UNIT 17, Catawba, NC, 28609 offers a 10.9% rental yield on a $300,000 purchase with $2,726/mo rent. Total monthly income registers $2,726/mo, and a $1,468/mo payment leaves $898/mo available for distribution. Annual cash flow reaches $10,776/yr on $99,450 to close, and return on cash invested stands at 30.74% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 160.8% and total cumulative return in cash at $159,912. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,726/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2007

0.54 Acres lot

$N/A/sqft

No HOA