8240 Waxhaw HwyWaxhawNC28173
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 8240 Waxhaw Hwy, Waxhaw, NC, 28173 uses $102,765 cash to close to unlock $5,616/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $2,357/mo, and a $1,517/mo payment keeps the spread at $468/mo. Purchase price stands at $310,000, and rental yield measures 9.12% with $2,357/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 132.01% and total cumulative return in cash records $135,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,357/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Townhouse
Built in 2020
0.04 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Reno • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338717