4455 Reed Creek Dr #205Sherrills 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 4455 Reed Creek Dr #205, Sherrills Ford, NC, 28673 offers a 9.17% rental yield on a $269,990 purchase with $2,064/mo rent. Total monthly income registers $2,064/mo, and a $1,321/mo payment leaves $419/mo available for distribution. Annual cash flow reaches $5,028/yr on $89,502 to close, and return on cash invested stands at 25.53% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,593 over five years. Portfolio math shows five-year ROI at 132.88% and total cumulative return in cash at $118,930. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,064/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
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: Blake Cannon • CCNC Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4273845