106 Charis LnStatesvilleNC28677
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing106 Charis Ln, Statesville, NC, 28677 in Statesville is a stable, well-positioned rental at $375,000. Rental yield 6.52%. DSCR 1.21 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $103,606 in value and $3,454/yr in principal paydown builds equity, a total projected return of $126,128.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 8.5% |
| Monthly Cash Flow | $(248) | $300 |
City averages based on Statesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,038 |
| Total Monthly Debt Service | $2,136 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2001
0.59 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 2001
0.59 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Schwab • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4287651