917 Shearer St APT 15DavidsonNC28036
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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
Investment property for sale in Davidson at 917 Shearer St APT 15, Davidson, NC, 28036 listed at $261,500 pairs $2,128/mo rent with a $1,280/mo payment to leave $534/mo cash flow. Total monthly income runs $2,128/mo, and annual cash flow reaches $6,410/yr on $86,687 cash to close. Return on cash invested measures 27.3% in year one, and rental yield registers 9.77% at a $261,500 basis. Equity gained on principal adds $1,687/yr, and annual property appreciation at 5% supports $72,248 by year five. Five-year ROI tracks 142.41% and total cumulative return in cash totals $123,452. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,128/mo property income relative to a $1,280/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28036, Davidson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,668 (100%) |
| Owner Occupied HU | 6,377 (73.6%) |
| Renter Occupied HU | 1,815 (20.9%) |
| Vacant Housing Units | 476 ( 5.5%) |
| Median Home Value | $642,522 |
| Average Home Value | $712,496 |
Housing Distribution
Address Breakdown
Residential
8,387
Single Family
6,927
Multi-Family
1,460
Businesses
653
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Listed by: Sunni Lauten • Coldwell Banker Advantage
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280904