1114 Wilson W Lee BlvdStatesvilleNC28677
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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
Investment property for sale in Statesville at 1114 Wilson W Lee Blvd, Statesville, NC, 28677 uses $56,024 cash to close to unlock $2,870/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,269/mo, and a $827/mo payment keeps the spread at $239/mo. Purchase price stands at $169,000, and rental yield measures 9.01% with $1,269/mo rent. Return on cash invested shows 25.03% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 130.24% and total cumulative return in cash records $72,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,269/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.20 Acres lot
$N/A/sqft
No HOA
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Listed by: Thomas Gregory • Lake Norman Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322485