8220 Looking Glass LnWaxhawNC28173
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 Waxhaw at 8220 Looking Glass Ln, Waxhaw, NC, 28173 earns $656/mo cash flow from $1,936/mo rent with a $1,028/mo payment. Total monthly income totals $1,936/mo, and annual cash flow totals $7,872/yr on $69,615 capital. ROI tracks 31.22% on current figures, and rental yield reads 11.06% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 163.35% and total cumulative return in cash sums $113,716. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,936/mo property income instead of your personal income.
Manufactured
Built in 1970
5.70 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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