18809 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 18809 Nautical Dr APT 302, Cornelius, NC, 28031 earns from $1,711/mo rent with a $1,271/mo payment. Total monthly income totals $1,711/mo. ROI tracks 18.39% on current figures, and rental yield reads 7.91% at a $259,700 purchase. Equity gained on principal adds $1,676/yr, and 5% annual appreciation supports $71,750 over five years. Five-year ROI reaches 95.82% and total cumulative return in cash sums $82,495. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,711/mo property income instead of your personal income.
Townhouse
Built in 1987
6.87 Acres lot
$N/A/sqft
$237 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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