7056 Cornwallis CtIron StationNC28080
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Iron Station at 7056 Cornwallis Ct, Iron Station, NC, 28080 listed at $469,900 pairs $3,024/mo rent with a $2,300/mo payment. Total monthly income runs $3,024/mo. Return on cash invested measures 19.81% in year one, and rental yield registers 7.72% at a $469,900 basis. Equity gained on principal adds $3,032/yr, and annual property appreciation at 5% supports $129,825 by year five. Five-year ROI tracks 102.65% and total cumulative return in cash totals $159,902. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,024/mo property income relative to a $2,300/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.14 Acres lot
$N/A/sqft
$1,040 semi-annually 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 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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Listed by: Mitch Geyer • Jason Mitchell Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4234926
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-20 08:32:56 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)