8505 Preserve Pond RdCorneliusNC28031
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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
Rental property for sale in Cornelius at 8505 Preserve Pond Rd, Cornelius, NC, 28031 generates $4,387/mo in rent, after a $6,828/mo payment. Total monthly income is $4,387/mo. Return on cash invested sits at 9.44% in year one, and rental yield is 3.77% on a $1,395,000 entry. Equity gained on principal adds $9,002/yr, while 5% annual appreciation builds toward $385,413 over five years. Five-year ROI reaches 46.5% and total cumulative return in cash sums $210,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,387/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28031, Cornelius, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,631 (100%) |
| Owner Occupied HU | 9,525 (65.1%) |
| Renter Occupied HU | 4,197 (28.7%) |
| Vacant Housing Units | 909 ( 6.2%) |
| Median Home Value | $621,577 |
| Average Home Value | $829,766 |
Housing Distribution
Address Breakdown
Residential
14,270
Single Family
10,984
Multi-Family
3,286
Businesses
1,619
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Listed by: Ryan Faro-Teague • Ivester Jackson Distinctive Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292358