18700 Nautical Dr APT 302CorneliusNC28031
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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 18700 Nautical Dr APT 302, Cornelius, NC, 28031 offers a 4.62% rental yield on a $662,500 purchase with $2,550/mo rent. 67% in year one. Equity gained on principal adds $4,275/yr while 5% annual appreciation supports $183,037 over five years. Portfolio math shows five-year ROI at 48.54% and total cumulative return in cash at $105,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,550/mo property income against a $3,243/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
N/A lot
$N/A/sqft
$400 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
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Listed by: Gina Wells • Ivester Jackson Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4131627
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)