17721 Morehampton AveCorneliusNC28031
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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
Total monthly income runs $4,022/mo, and a $3,646/mo payment. Purchase price stands at $745,000, and rental yield measures 6.48% with $4,022/mo rent. Return on cash invested shows 17.52% in year one, and 5% annual appreciation builds toward $205,830 over five years. Five-year ROI reaches 89.88% and total cumulative return in cash records $220,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,022/mo property income covering a $3,646/mo payment rather than investor’s personal income.
Single Family
Built in 2017
0.13 Acres 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: Sharon Albury • Relevate Real Estate Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334678