1016 Argyle Ct, Statesville, NC, 28677 | $383/mo Cash Flow

For Sale

Ziffy Mortgage

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

Investment property for sale in Statesville at 1016 Argyle Ct, Statesville, NC, 28677 offers a 8.5% rental yield on a $389,000 purchase with $2,754/mo rent. Total monthly income registers $2,754/mo, and a $1,904/mo payment leaves $383/mo available for distribution. Annual cash flow reaches $4,598/yr on $128,954 to close, and return on cash invested stands at 23.47% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 121.85% and total cumulative return in cash at $157,134. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,754/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1990

0.28 Acres lot

$N/A/sqft

No HOA