114 Meadow View Dr, Statesville, NC, 28677 | $790/mo Cash Flow

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Statesville at 114 Meadow View Dr, Statesville, NC, 28677 priced at $330,790 converts $2,806/mo rent into $790/mo cash flow after a $1,619/mo obligation. Total monthly income equals $2,806/mo, and annual cash flow totals $9,481/yr on $109,657 invested. Return on cash invested prints 28.55% in year one, and rental yield reads 10.18% against a $330,790 entry. Equity gained on principal adds $2,135/yr, while 5% annual appreciation compiles into $91,391 by year five. Five-year ROI reaches 149.12% and total cumulative return in cash sums $163,519. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,806/mo property income covering a $1,619/mo payment, not borrower’s personal income.

Single Family

Built in 2024

N/A lot

$N/A/sqft

No HOA