Devonshire Plan, Edgewater on Lake Tillery Waterfront, Norwood, NC, 28128 | 4.85% Rental Yield

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Norwood at Devonshire Plan, Edgewater on Lake Tillery Waterfront, Norwood, NC, 28128 offers $3,802/mo rent that, after a $4,604/mo payment. Total monthly income is $3,802/mo. Return on cash invested measures 12.57% in year one, and rental yield stands at 4.85% at a $940,616 entry. Equity gained on principal adds $6,070/yr while 5% annual appreciation compounds into $259,875 by year five. Five-year ROI records 63.35% and total cumulative return in cash reaches $196,051. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,802/mo property income versus a $4,604/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2026

N/A lot

$N/A/sqft

No HOA