109 Watuga PlStatesvilleNC28625
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
Rental property for sale in Statesville at 109 Watuga Pl, Statesville, NC, 28625 priced at $348,750 pairs $2,435/mo rent with $309/mo cash flow after a $1,707/mo payment. Total monthly income equals $2,435/mo, and annual cash flow comes to $3,714/yr on $115,611 invested. Return on cash invested is 23.12% in year one, and rental yield stands at 8.38% on a $348,750 basis. Equity gained on principal adds $2,250/yr, and 5% annual appreciation accumulates to $96,353 by year five. Five-year ROI measures 119.95% and total cumulative return in cash reaches $138,677. For financing, Ziffy Mortgage’s DSCR program evaluates $2,435/mo property income against a $1,707/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28625, Statesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,588 (100%) |
| Owner Occupied HU | 12,188 (69.3%) |
| Renter Occupied HU | 4,187 (23.8%) |
| Vacant Housing Units | 1,213 ( 6.9%) |
| Median Home Value | $314,741 |
| Average Home Value | $354,325 |
Housing Distribution
Address Breakdown
Residential
16,663
Single Family
15,291
Multi-Family
1,372
Businesses
907
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A