Dallas Plan, Walnut ReserveConoverNC28613
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Conover at Dallas Plan, Walnut Reserve, Conover, NC, 28613 priced at $299,580 converts $2,591/mo rent into $766/mo cash flow after a $1,466/mo obligation. Total monthly income equals $2,591/mo, and annual cash flow totals $9,186/yr on $99,311 invested. Return on cash invested prints 29.16% in year one, and rental yield reads 10.38% against a $299,580 entry. Equity gained on principal adds $1,933/yr, while 5% annual appreciation compiles into $82,768 by year five. Five-year ROI reaches 152.35% and total cumulative return in cash sums $151,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,591/mo property income covering a $1,466/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28613, Conover, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,222 (100%) |
| Owner Occupied HU | 7,137 (69.8%) |
| Renter Occupied HU | 2,329 (22.8%) |
| Vacant Housing Units | 756 ( 7.4%) |
| Median Home Value | $275,410 |
| Average Home Value | $338,511 |
Housing Distribution
Address Breakdown
Residential
9,624
Single Family
9,298
Multi-Family
326
Businesses
787
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Listed by: N/A • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A