1070 Saddle Back LnMooresvilleNC28115
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
Investment property for sale in Mooresville at 1070 Saddle Back Ln, Mooresville, NC, 28115 earns from $6,228/mo rent with a $7,513/mo payment. Total monthly income totals $6,228/mo. ROI tracks 12.82% on current figures, and rental yield reads 4.87% at a $1,535,000 purchase. Equity gained on principal adds $9,905/yr, and 5% annual appreciation supports $424,092 over five years. Five-year ROI reaches 64.62% and total cumulative return in cash sums $321,404. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,228/mo property income instead of your personal income.
Single Family
Built in 2023
3.97 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Naomi Abel • Naomi Abel Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298516