LOT 29 Fontana Trace DrAlmondNC28702
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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
Investment property for sale in Almond at LOT 29 Fontana Trace Dr, Almond, NC, 28702 uses $56,024 cash to close to unlock $8,699/yr annual cash flow and $725/mo monthly cash flow. Total monthly income runs $1,841/mo, and a $827/mo payment keeps the spread at $725/mo. Purchase price stands at $169,000, and rental yield measures 13.07% with $1,841/mo rent. Return on cash invested shows 35.44% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 186.64% and total cumulative return in cash records $104,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,841/mo property income covering a $827/mo payment rather than investor’s personal income.
Lot
Built in N/A
1.67 Acres lot
$N/A/sqft
$1,035 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28702, Almond, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 431 (100%) |
| Owner Occupied HU | 159 (36.9%) |
| Renter Occupied HU | 39 ( 9.0%) |
| Vacant Housing Units | 233 (54.1%) |
| Median Home Value | $261,364 |
| Average Home Value | $306,368 |
Housing Distribution
Address Breakdown
Residential
236
Single Family
236
Multi-Family
0
Businesses
19
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Listed by: Jerry Mckinney • Fontana Realty
Mls Name: Carolina Smokies MLS
Mls ID: #25951834
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.