LOT 59 Fontana Trace DrAlmondNC28702
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 Almond at LOT 59 Fontana Trace Dr, Almond, NC, 28702 priced at $129,000 converts $1,279/mo rent into $407/mo cash flow after a $631/mo obligation. Total monthly income equals $1,279/mo, and annual cash flow totals $4,883/yr on $42,764 invested. Return on cash invested prints 31.33% in year one, and rental yield reads 11.9% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 164.83% and total cumulative return in cash sums $70,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,279/mo property income covering a $631/mo payment, not borrower’s personal income.
Lot
Built in N/A
2.42 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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Nearby investment properties with comparable prices
Listed by: Jerry Mckinney • Fontana Realty
Mls Name: Carolina Smokies MLS
Mls ID: #26012115
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.