115 Pineview CtStatesvilleNC28625
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pineview Ct, Statesville, NC, 28625 uses $89,505 cash to close to unlock $4,224/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,998/mo, and a $1,322/mo payment keeps the spread at $352/mo. Purchase price stands at $270,000, and rental yield measures 8.88% with $1,998/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 128.01% and total cumulative return in cash records $114,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,998/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie McMahon • RE/MAX Properties Plus, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338741