18001 Delmas Dr APT 3CCorneliusNC28031
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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
Investment property for sale in Cornelius at 18001 Delmas Dr APT 3C, Cornelius, NC, 28031 uses $96,102 cash to close to unlock $265/yr annual cash flow and $22/mo monthly cash flow. Total monthly income runs $1,789/mo, and a $1,419/mo payment keeps the spread at $22/mo. Purchase price stands at $289,900, and rental yield measures 7.41% with $1,789/mo rent. Return on cash invested shows 20.19% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 104.24% and total cumulative return in cash records $100,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,789/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 2006
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: Zack Bonczek • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4341892