113 E Edinburgh CtStatesvilleNC28625
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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 Statesville at 113 E Edinburgh Ct, Statesville, NC, 28625 offers $2,218/mo rent that, after a $1,727/mo payment, leaves $68/mo cash flow. Total monthly income is $2,218/mo, and annual cash flow is $810/yr on $116,986 cash. Return on cash invested measures 20.6% in year one, and rental yield stands at 7.54% at a $352,900 entry. Equity gained on principal adds $2,277/yr while 5% annual appreciation compounds into $97,500 by year five. Five-year ROI records 106.44% and total cumulative return in cash reaches $124,524. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,218/mo property income versus a $1,727/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.51 Acres 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
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Listed by: Tim Harrell • Redwood Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331243