104 Elba DrMooresvilleNC28115
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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
Investment property for sale in Mooresville at 104 Elba Dr, Mooresville, NC, 28115 listed at $399,000 pairs $2,660/mo rent with a $1,953/mo payment to leave $228/mo cash flow. Total monthly income runs $2,660/mo, and annual cash flow reaches $2,738/yr on $132,269 cash to close. Return on cash invested measures 21.98% in year one, and rental yield registers 8% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 113.83% and total cumulative return in cash totals $150,566. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,660/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28115, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,468 (100%) |
| Owner Occupied HU | 13,451 (69.1%) |
| Renter Occupied HU | 4,839 (24.9%) |
| Vacant Housing Units | 1,178 ( 6.1%) |
| Median Home Value | $385,269 |
| Average Home Value | $431,366 |
Housing Distribution
Address Breakdown
Residential
18,482
Single Family
17,911
Multi-Family
571
Businesses
1,313
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Listed by: Lisa C Newell • Lake Norman Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4297510