900 Sharon DrWaxhawNC28173
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 Waxhaw at 900 Sharon Dr, Waxhaw, NC, 28173 priced at $374,900 converts $2,794/mo rent into $509/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,794/mo, and annual cash flow totals $6,109/yr on $124,279 invested. Return on cash invested prints 24.82% in year one, and rental yield reads 8.94% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 129.11% and total cumulative return in cash sums $160,459. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,794/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.84 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: Brian Stickley • Southern Way Homes Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312493