7006 Cornwallis Ct, Iron Station, NC, 28080 | $32/mo Cash Flow

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
1929 sft

1422 Summerville Rd, Charlotte, NC, 28214

3 Bed
2 Bath
1450 sft

10415 Danesway Ln, Cornelius, NC, 28031

3 Bed
3 Bath
2050 sft

13742 Bonnerby Ct, Huntersville, NC, 28078

3 Bed
3 Bath
1763 sft

733 Killian Rd, Stanley, NC, 28164

Nearby investment properties with comparable prices

3 Bed
3 Bath
1713 sft

1351 Armstrong Rd, Belmont, NC, 28012

4 Bed
4 Bath
2012 sft

Rebecca Plan, The Townes at Lake Norman, Mooresville, NC, 28117

3 Bed
3 Bath
1854 sft

128 Rustling Waters Dr, Mooresville, NC, 28117

Plan 1910 Modeled Plan, Bella Vista Heritage

3 Bed
2 Bath
1910 sft

Plan 1910 Modeled Plan, Bella Vista Heritage, Denver, NC, 28037

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Iron Station at 7006 Cornwallis Ct, Iron Station, NC, 28080 listed at $496,000 pairs $3,055/mo rent with a $2,428/mo payment to leave $32/mo cash flow. Total monthly income runs $3,055/mo, and annual cash flow reaches $382/yr on $164,424 cash to close. Return on cash invested measures 20.14% in year one, and rental yield registers 7.39% at a $496,000 basis. Equity gained on principal adds $3,201/yr, and annual property appreciation at 5% supports $137,036 by year five. Five-year ROI tracks 103.96% and total cumulative return in cash totals $170,940. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,055/mo property income relative to a $2,428/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2022

0.22 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,788 (100%)
Owner Occupied HU	3,097 (81.8%)
Renter Occupied HU	444 (11.7%)
Vacant Housing Units	247 ( 6.5%)
Median Home Value	$304,094
Average Home Value	$347,301