119 Quartz Hill WayWaxhawNC28173
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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 119 Quartz Hill Way, Waxhaw, NC, 28173 priced at $492,185 converts $3,132/mo rent into after a $2,409/mo obligation. Total monthly income equals $3,132/mo. Return on cash invested prints 19.07% in year one, and rental yield reads 7.64% against a $492,185 entry. Equity gained on principal adds $3,176/yr, while 5% annual appreciation compiles into $135,982 by year five. Five-year ROI reaches 98.87% and total cumulative return in cash sums $161,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,132/mo property income covering a $2,409/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
0.07 Acres lot
$N/A/sqft
$247 monthly 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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Nearby investment properties with comparable prices
Listed by: Jenny Miller • David Weekley Homes
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4212682
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 22:48:53 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)