20305 Berry CresCorneliusNC28031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 20305 Berry Cres, Cornelius, NC, 28031 uses $187,168 cash to close to unlock $16,768/yr annual cash flow and $1,397/mo monthly cash flow. Total monthly income runs $5,124/mo, and a $2,784/mo payment keeps the spread at $1,397/mo. Purchase price stands at $568,900, and rental yield measures 10.81% with $5,124/mo rent. Return on cash invested shows 29.02% in year one, and 5% annual appreciation builds toward $157,177 over five years. Five-year ROI reaches 152.15% and total cumulative return in cash records $284,776. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,124/mo property income covering a $2,784/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.28 Acres lot
$N/A/sqft
$260 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A