111 Beverly Chase LnMooresvilleNC28117
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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 111 Beverly Chase Ln, Mooresville, NC, 28117 priced at $325,000 pairs $2,298/mo rent with $317/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,298/mo, and annual cash flow comes to $3,804/yr on $107,738 invested. Return on cash invested is 23.44% in year one, and rental yield stands at 8.48% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 121.64% and total cumulative return in cash reaches $131,053. For financing, Ziffy Mortgage’s DSCR program evaluates $2,298/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2007
0.06 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: Matt Perkins • Mooresville Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307919