8867 Vanderbilt RdSherrills FordNC28673
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
Rental property for sale in Sherrills Ford at 8867 Vanderbilt Rd, Sherrills Ford, NC, 28673 priced at $470,110 converts $2,940/mo rent into $75/mo cash flow after a $2,301/mo obligation. Total monthly income equals $2,940/mo, and annual cash flow totals $898/yr on $155,841 invested. Return on cash invested prints 20.49% in year one, and rental yield reads 7.5% against a $470,110 entry. Equity gained on principal adds $3,034/yr, while 5% annual appreciation compiles into $129,883 by year five. Five-year ROI reaches 105.8% and total cumulative return in cash sums $164,888. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,940/mo property income covering a $2,301/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28673, Sherrills Ford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,481 (100%) |
| Owner Occupied HU | 2,923 (65.2%) |
| Renter Occupied HU | 709 (15.8%) |
| Vacant Housing Units | 849 (18.9%) |
| Median Home Value | $465,312 |
| Average Home Value | $584,625 |
Housing Distribution
Address Breakdown
Residential
3,780
Single Family
3,780
Multi-Family
0
Businesses
172
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Listed by: Fran Kunkle • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A