Stratford III Townhome Plan, WaterstoneLake NormanNC28673
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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 Lake Norman at Stratford III Townhome Plan, Waterstone, Lake Norman, NC, 28673 at $424,990 posts ROI 22.06% with $253/mo cash flow from $2,843/mo rent. Total monthly income equals $2,843/mo, and annual cash flow records $3,036/yr on $140,884 to close. Return on cash invested measures 22.06% and rental yield reads 8.03% at the current $424,990. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,417 by year five. Five-year ROI prints 114.3% and total cumulative return in cash totals $161,030.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,843/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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 |
Housing Distribution
Address Breakdown
Residential
3,780
Single Family
3,780
Multi-Family
0
Businesses
172
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Listed by: N/A • Century Communities
Mls Name: Century Communities
Mls Provider:
Mls ID: #N/A