115 N Patterson 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 115 N Patterson St, Statesville, NC, 28677 earns $194/mo cash flow from $986/mo rent with a $636/mo payment. Total monthly income totals $986/mo, and annual cash flow totals $2,328/yr on $43,095 capital. ROI tracks 25.31% on current figures, and rental yield reads 9.1% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 131.66% and total cumulative return in cash sums $56,739. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $986/mo property income instead of your personal income.
Single Family
Built in 1924
0.18 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Marco Corcoran • Allen Tate Statesville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286928