Balboa - Hunts Point Plan, McLeanBelmontNC28012
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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
Total monthly income runs $3,418/mo, and a $6,891/mo payment. Purchase price stands at $1,407,900, and rental yield measures 2.91% with $3,418/mo rent. Return on cash invested shows 6.79% in year one, and 5% annual appreciation builds toward $388,977 over five years. Five-year ROI reaches 32.26% and total cumulative return in cash records $147,172. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,418/mo property income covering a $6,891/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A 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: Nannette Hinton • Classica Homes
Mls Name: Classica Homes
Mls Provider:
Mls ID: #N/A