Monterey Plan, Weddington GroveA51mtz WeddingtonNC28104
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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 A51mtz Weddington at Monterey Plan, Weddington Grove, A51mtz Weddington, NC, 28104 priced at $1,782,900 converts $3,244/mo rent into after a $8,726/mo obligation. Total monthly income equals $3,244/mo. Return on cash invested prints 4.54% in year one, and rental yield reads 2.18% against a $1,782,900 entry. Equity gained on principal adds $11,505/yr, while 5% annual appreciation compiles into $492,582 by year five. Five-year ROI reaches 20.19% and total cumulative return in cash sums $116,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,244/mo property income covering a $8,726/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: 28104, Matthews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,622 (100%) |
| Owner Occupied HU | 11,807 (86.7%) |
| Renter Occupied HU | 1,522 (11.2%) |
| Vacant Housing Units | 293 ( 2.2%) |
| Median Home Value | $550,468 |
| Average Home Value | $635,169 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,490
Multi-Family
0
Businesses
585
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Listed by: N/A • Classica Homes
Mls Name: Classica Homes
Mls Provider:
Mls ID: #N/A