9718 Old Gate DrMatthewsNC28105
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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 Matthews at 9718 Old Gate Dr, Matthews, NC, 28105 uses $71,271 cash to close to unlock $9,624/yr annual cash flow and $802/mo monthly cash flow. Total monthly income runs $2,112/mo, and a $1,052/mo payment keeps the spread at $802/mo. Purchase price stands at $214,995, and rental yield measures 11.79% with $2,112/mo rent. Return on cash invested shows 33.41% in year one, and 5% annual appreciation builds toward $59,399 over five years. Five-year ROI reaches 175.12% and total cumulative return in cash records $124,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,112/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28105, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,494 (100%) |
| Owner Occupied HU | 12,458 (63.9%) |
| Renter Occupied HU | 6,384 (32.7%) |
| Vacant Housing Units | 652 ( 3.3%) |
| Median Home Value | $457,147 |
| Average Home Value | $515,720 |
Housing Distribution
Address Breakdown
Residential
19,513
Single Family
15,532
Multi-Family
3,981
Businesses
1,554
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Listed by: Vonetta Padgett • Vylla Home
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334564