Balboa - Waterfront 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 totals $3,418/mo. ROI tracks 8.73% on current figures, and rental yield reads 3.54% at a $1,157,900 purchase. Equity gained on principal adds $7,472/yr, and 5% annual appreciation supports $319,906 over five years. Five-year ROI reaches 42.68% and total cumulative return in cash sums $160,122. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,418/mo property income instead of your 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