102 Montrose DrWaxhawNC28173
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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 Waxhaw at 102 Montrose Dr, Waxhaw, NC, 28173 priced at $1,795,000 converts $5,670/mo rent into after a $8,786/mo obligation. Total monthly income equals $5,670/mo. Return on cash invested prints 9.5% in year one, and rental yield reads 3.79% against a $1,795,000 entry. Equity gained on principal adds $11,583/yr, while 5% annual appreciation compiles into $495,925 by year five. Five-year ROI reaches 46.77% and total cumulative return in cash sums $272,005. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,670/mo property income covering a $8,786/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28173, Waxhaw, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,726 (100%) |
| Owner Occupied HU | 19,959 (87.8%) |
| Renter Occupied HU | 2,103 ( 9.3%) |
| Vacant Housing Units | 664 ( 2.9%) |
| Median Home Value | $607,943 |
| Average Home Value | $684,101 |
Housing Distribution
Address Breakdown
Residential
22,303
Single Family
22,303
Multi-Family
0
Businesses
821
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Listed by: Kim Grace • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280663