9728 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 9728 Old Gate Dr, Matthews, NC, 28105 offers a 11.3% rental yield on a $219,995 purchase with $2,072/mo rent. Total monthly income registers $2,072/mo, and a $1,077/mo payment leaves $731/mo available for distribution. Annual cash flow reaches $8,772/yr on $72,928 to close, and return on cash invested stands at 31.94% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,781 over five years. Portfolio math shows five-year ROI at 167.22% and total cumulative return in cash at $121,954. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,072/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
0.03 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: Cortez Ferrell • Blaque Tie Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291090