107 Utility Ln #EMooresvilleNC28115
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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 Mooresville at 107 Utility Ln #E, Mooresville, NC, 28115 generates $2,272/mo in rent, after a $2,287/mo payment. Total monthly income is $2,272/mo. Return on cash invested sits at 15.45% in year one, and rental yield is 5.84% on a $467,180 entry. Equity gained on principal adds $3,015/yr, while 5% annual appreciation builds toward $129,073 over five years. Five-year ROI reaches 78.82% and total cumulative return in cash sums $122,064. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,272/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A 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: N/A • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A