11006 Will Knox RdCorneliusNC28031
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 Cornelius at 11006 Will Knox Rd, Cornelius, NC, 28031 generates $2,125/mo in rent and, after a $1,297/mo payment, leaves $235/mo in cash flow. Total monthly income is $2,125/mo, and annual cash flow is $2,820/yr on $87,848 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 9.62% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 121.26% and total cumulative return in cash sums $106,527. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,125/mo property income rather than buyer’s personal income.
Townhouse
Built in 2003
N/A lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28031, Cornelius, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,631 (100%) |
| Owner Occupied HU | 9,525 (65.1%) |
| Renter Occupied HU | 4,197 (28.7%) |
| Vacant Housing Units | 909 ( 6.2%) |
| Median Home Value | $621,577 |
| Average Home Value | $829,766 |
Housing Distribution
Address Breakdown
Residential
14,270
Single Family
10,984
Multi-Family
3,286
Businesses
1,619
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christy Stone • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4189977
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)