115 Davenport Dr #B, Statesville, NC, 28677 | $373/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
1 Bath
2597 sft

1620 London Rd, Mooresville, NC, 28115

3 Bed
2 Bath
1288 sft

1886 Buffalo Shoals Rd, Statesville, NC, 28677

Investment Property+ 1 more

3 Bed
2 Bath
1401 sft

343 Dunavant Ln, Statesville, NC, 28677

3 Bed
2 Bath
1352 sft

133 Penny Dr, Statesville, NC, 28625

Nearby investment properties with comparable prices

3 Bed
3 Bath
1382 sft

108 Harvest Moon Ct #433, Statesville, NC, 28625

3 Bed
2 Bath
1054 sft

2823 Jt Posse Dr, Claremont, NC, 28610

2 Bed
1 Bath
1188 sft

505 S Academy St #8, Mooresville, NC, 28115

3 Bed
3 Bath
1228 sft

LOT 3 E Rice St, Landis, NC, 28088

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Statesville at 115 Davenport Dr #B, Statesville, NC, 28677 priced at $299,000 pairs $2,195/mo rent with $373/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,195/mo, and annual cash flow comes to $4,478/yr on $99,119 invested. Return on cash invested is 24.43% in year one, and rental yield stands at 8.81% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 126.99% and total cumulative return in cash reaches $125,866. For financing, Ziffy Mortgage’s DSCR program evaluates $2,195/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.

Townhouse

Built in 2018

N/A lot

$N/A/sqft

No HOA