The Chestnut Plan, Washam PottsCorneliusNC28031
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Nearby investment properties with comparable prices
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 Cornelius at The Chestnut Plan, Washam Potts, Cornelius, NC, 28031 priced at $499,900 pairs $4,078/mo rent with $806/mo cash flow after a $2,447/mo payment. Total monthly income equals $4,078/mo, and annual cash flow comes to $9,673/yr on $165,717 invested. Return on cash invested is 25.75% in year one, and rental yield stands at 9.79% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 134.63% and total cumulative return in cash reaches $223,104. For financing, Ziffy Mortgage’s DSCR program evaluates $4,078/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
$225 monthly 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: N/A • Blue Heel Communities
Mls Name: Blue Heel Development
Mls Provider:
Mls ID: #N/A