Sullivan Plan, Rone CreekWaxhawNC28173
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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
Rental property for sale in Waxhaw at Sullivan Plan, Rone Creek, Waxhaw, NC, 28173 priced at $491,000 pairs $2,364/mo rent with after a $2,403/mo payment. Total monthly income equals $2,364/mo. Return on cash invested is 14.91% in year one, and rental yield stands at 5.78% on a $491,000 basis. Equity gained on principal adds $3,168/yr, and 5% annual appreciation accumulates to $135,654 by year five. Five-year ROI measures 76.03% and total cumulative return in cash reaches $123,758. For financing, Ziffy Mortgage’s DSCR program evaluates $2,364/mo property income against a $2,403/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28173, Waxhaw, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,726 (100%) |
| Owner Occupied HU | 19,959 (87.8%) |
| Renter Occupied HU | 2,103 ( 9.3%) |
| Vacant Housing Units | 664 ( 2.9%) |
| Median Home Value | $607,943 |
| Average Home Value | $684,101 |
Housing Distribution
Address Breakdown
Residential
22,303
Single Family
22,303
Multi-Family
0
Businesses
821
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Listed by: Kristina, Kyle, Amanda, Tara, Caity, and Leslie Ch • Eastwood Homes
Mls Name: Eastwood Homes
Mls Provider:
Mls ID: #N/A