103 Quarter LnMooresvilleNC28117
Nearby investment properties with comparable rents
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 Mooresville at 103 Quarter Ln, Mooresville, NC, 28117 generates $2,137/mo in rent and, after a $1,608/mo payment, leaves $135/mo in cash flow. Total monthly income is $2,137/mo, and annual cash flow is $1,618/yr on $108,898 invested. Return on cash invested sits at 21.39% in year one, and rental yield is 7.81% on a $328,500 entry. Equity gained on principal adds $2,120/yr, while 5% annual appreciation builds toward $90,758 over five years. Five-year ROI reaches 110.68% and total cumulative return in cash sums $120,524. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,137/mo property income rather than buyer’s personal income.
Townhouse
Built in 2003
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28117, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,357 (100%) |
| Owner Occupied HU | 14,100 (57.9%) |
| Renter Occupied HU | 7,756 (31.8%) |
| Vacant Housing Units | 2,501 (10.3%) |
| Median Home Value | $594,069 |
| Average Home Value | $756,439 |
Housing Distribution
Address Breakdown
Residential
22,737
Single Family
20,043
Multi-Family
2,694
Businesses
2,416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christy Allen • The Allen Team Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301121