17119 Doe Valley CtCorneliusNC28031
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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 Cornelius at 17119 Doe Valley Ct, Cornelius, NC, 28031 generates $2,015/mo in rent and, after a $1,346/mo payment, leaves $339/mo in cash flow. Total monthly income is $2,015/mo, and annual cash flow is $4,068/yr on $91,163 invested. Return on cash invested sits at 24.37% in year one, and rental yield is 8.79% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 126.64% and total cumulative return in cash sums $115,451. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,015/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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
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Listed by: Craig LePage • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4263849