Finley Plan, Walnut ReserveConoverNC28613
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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 Conover at Finley Plan, Walnut Reserve, Conover, NC, 28613 offers $2,269/mo rent that, after a $1,738/mo payment, leaves $106/mo cash flow. Total monthly income is $2,269/mo, and annual cash flow is $1,272/yr on $117,679 cash. Return on cash invested measures 20.99% in year one, and rental yield stands at 7.67% at a $354,990 entry. Equity gained on principal adds $2,291/yr while 5% annual appreciation compounds into $98,077 by year five. Five-year ROI records 108.56% and total cumulative return in cash reaches $127,748. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,269/mo property income versus a $1,738/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
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