1115 8th StStatesvilleNC28677
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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 1115 8th St, Statesville, NC, 28677 listed at $124,000 pairs $942/mo rent with a $607/mo payment to leave $186/mo cash flow. Total monthly income runs $942/mo, and annual cash flow reaches $2,234/yr on $41,106 cash to close. Return on cash invested measures 25.34% in year one, and rental yield registers 9.12% at a $124,000 basis. Equity gained on principal adds $800/yr, and annual property appreciation at 5% supports $34,259 by year five. Five-year ROI tracks 131.96% and total cumulative return in cash totals $54,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $942/mo property income relative to a $607/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.17 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: #4322610