974 Armstrong RdBelmontNC28012
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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 974 Armstrong Rd, Belmont, NC, 28012 generates $4,950/mo in rent and, after a $3,911/mo payment, leaves $80/mo in cash flow. Total monthly income is $4,950/mo, and annual cash flow is $962/yr on $262,871 invested. Return on cash invested sits at 20.43% in year one, and rental yield is 7.43% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 105.47% and total cumulative return in cash sums $277,242. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,950/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
1.52 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: Ryan Bigger • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310763