19930 Weeping Water RunCorneliusNC28031
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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 19930 Weeping Water Run, Cornelius, NC, 28031 listed at $329,000 pairs $2,005/mo rent with a $1,610/mo payment to leave $0/mo cash flow. Total monthly income runs $2,005/mo, and annual cash flow reaches $2/yr on $109,064 cash to close. Return on cash invested measures 19.91% in year one, and rental yield registers 7.31% at a $329,000 basis. Equity gained on principal adds $2,123/yr, and annual property appreciation at 5% supports $90,897 by year five. Five-year ROI tracks 102.76% and total cumulative return in cash totals $112,077. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,005/mo property income relative to a $1,610/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
0.10 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: Becky Wilhelm-Stillwell • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335196