6201 Kelly Lynn CtWaxhawNC28173
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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 Waxhaw at 6201 Kelly Lynn Ct, Waxhaw, NC, 28173 listed at $250,000 pairs $2,414/mo rent with a $1,224/mo payment to leave $890/mo cash flow. Total monthly income runs $2,414/mo, and annual cash flow reaches $10,680/yr on $82,875 cash to close. Return on cash invested measures 32.8% in year one, and rental yield registers 11.59% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 171.8% and total cumulative return in cash totals $142,378. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,414/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28173, Waxhaw, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,726 (100%) |
| Owner Occupied HU | 19,959 (87.8%) |
| Renter Occupied HU | 2,103 ( 9.3%) |
| Vacant Housing Units | 664 ( 2.9%) |
| Median Home Value | $607,943 |
| Average Home Value | $684,101 |
Housing Distribution
Address Breakdown
Residential
22,303
Single Family
22,303
Multi-Family
0
Businesses
821
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Listed by: Jan Konetchy • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308152