109 N Audubon AveMooresvilleNC28117
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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 109 N Audubon Ave, Mooresville, NC, 28117 generates $2,972/mo in rent, after a $3,084/mo payment. Total monthly income is $2,972/mo. Return on cash invested sits at 15.03% in year one, and rental yield is 5.66% on a $630,000 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 76.54% and total cumulative return in cash sums $158,638. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,972/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.29 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
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Listed by: Belle Cowart • Helen Adams Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320129