Lennon 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 Lennon Plan, Walnut Reserve, Conover, NC, 28613 priced at $309,780 pairs $1,260/mo rent with after a $1,516/mo payment. Total monthly income equals $1,260/mo. Return on cash invested is 12.57% in year one, and rental yield stands at 4.88% on a $309,780 basis. Equity gained on principal adds $1,999/yr, and 5% annual appreciation accumulates to $85,587 by year five. Five-year ROI measures 63.42% and total cumulative return in cash reaches $65,122. For financing, Ziffy Mortgage’s DSCR program evaluates $1,260/mo property income against a $1,516/mo payment instead of your W2s, 1099s, or Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A