4216 Steel WaySherrills FordNC28673
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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 Sherrills Ford at 4216 Steel Way, Sherrills Ford, NC, 28673 uses $112,445 cash to close to unlock $9,312/yr annual cash flow and $776/mo monthly cash flow. Total monthly income runs $2,843/mo, and a $1,660/mo payment keeps the spread at $776/mo. Purchase price stands at $339,200, and rental yield measures 10.06% with $2,843/mo rent. Return on cash invested shows 28.19% in year one, and 5% annual appreciation builds toward $93,715 over five years. Five-year ROI reaches 147.11% and total cumulative return in cash records $165,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,843/mo property income covering a $1,660/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28673, Sherrills Ford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,481 (100%) |
| Owner Occupied HU | 2,923 (65.2%) |
| Renter Occupied HU | 709 (15.8%) |
| Vacant Housing Units | 849 (18.9%) |
| Median Home Value | $465,312 |
| Average Home Value | $584,625 |
Housing Distribution
Address Breakdown
Residential
3,780
Single Family
3,780
Multi-Family
0
Businesses
172
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Listed by: N/A • N/A
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A