964 Gardners WayCorneliusNC28031
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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 Cornelius at 964 Gardners Way, Cornelius, NC, 28031 offers a 7.43% rental yield on a $450,000 purchase with $2,788/mo rent. Total monthly income registers $2,788/mo, and a $2,203/mo payment leaves $45/mo available for distribution. Annual cash flow reaches $540/yr on $149,175 to close, and return on cash invested stands at 20.27% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 104.65% and total cumulative return in cash at $156,114. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,788/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
0.04 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: Matt Sarver • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308097