1011 Rickert StStatesvilleNC28677
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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 Statesville at 1011 Rickert St, Statesville, NC, 28677 generates $1,134/mo in rent and, after a $881/mo payment, leaves $37/mo in cash flow. Total monthly income is $1,134/mo, and annual cash flow is $445/yr on $59,637 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 7.56% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 106.8% and total cumulative return in cash sums $63,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,134/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.20 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Isabella Frazier • Trelora Realty INC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4247051
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