A1 - ADA Plan, Waterstone, Lake Norman, NC, 28673 | 6.5% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
625 sft

118 Steam Engine Dr UNIT 103, Mooresville, NC, 28115

2 Bed
2 Bath
1094 sft

108 Pier 33 Dr UNIT 414, Mooresville, NC, 28117

2 Bed
2 Bath
1560 sft

620 N Oak St, Lincolnton, NC, 28092

3 Bed
1 Bath
1380 sft

1871 Crestview Dr, Newton, NC, 28658

Nearby investment properties with comparable prices

3 Bed
3 Bath
1665 sft

Whitman Plan, Sullivan Farm, Statesville, NC, 28625

3 Bed
2 Bath
1233 sft

1781 Herbie Cir, Newton, NC, 28658

3 Bed
3 Bath
1674 sft

176 Waterlynn Ridge Rd, Mooresville, NC, 28117

4 Bed
3 Bath
2163 sft

1113 Foxberry Ln #18, Maiden, NC, 28650

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

Explore more listings using simple english

Investment Highlights

Return on cash invested sits at 17.45% in year one, and rental yield is 6.5% on a $384,990 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,366 over five years. Five-year ROI reaches 89.54% and total cumulative return in cash sums $114,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,084/mo property income rather than buyer’s personal income.

Townhouse

Built in 2025

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