509 Annie Lowery WayDavidsonNC28036
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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
Rental property for sale in Davidson at 509 Annie Lowery Way, Davidson, NC, 28036 generates $1,502/mo in rent and, after a $1,028/mo payment, leaves $222/mo in cash flow. Total monthly income is $1,502/mo, and annual cash flow is $2,664/yr on $69,615 invested. Return on cash invested sits at 23.74% in year one, and rental yield is 8.58% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 123.24% and total cumulative return in cash sums $85,792. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,502/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
0.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28036, Davidson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,668 (100%) |
| Owner Occupied HU | 6,377 (73.6%) |
| Renter Occupied HU | 1,815 (20.9%) |
| Vacant Housing Units | 476 ( 5.5%) |
| Median Home Value | $642,522 |
| Average Home Value | $712,496 |
Housing Distribution
Address Breakdown
Residential
8,387
Single Family
6,927
Multi-Family
1,460
Businesses
653
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Listed by: Summer Tabor • Lake Norman Realty, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284815