117 Tara Lynn CtMooresvilleNC28115
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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 Mooresville at 117 Tara Lynn Ct, Mooresville, NC, 28115 priced at $299,040 pairs $2,215/mo rent with $295/mo cash flow after a $1,464/mo payment. Total monthly income equals $2,215/mo, and annual cash flow comes to $3,536/yr on $99,132 invested. Return on cash invested is 23.48% in year one, and rental yield stands at 8.89% on a $299,040 basis. Equity gained on principal adds $1,930/yr, and 5% annual appreciation accumulates to $82,619 by year five. Five-year ROI measures 122.3% and total cumulative return in cash reaches $121,234. For financing, Ziffy Mortgage’s DSCR program evaluates $2,215/mo property income against a $1,464/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.27 Acres lot
$N/A/sqft
$6 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28115, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,468 (100%) |
| Owner Occupied HU | 13,451 (69.1%) |
| Renter Occupied HU | 4,839 (24.9%) |
| Vacant Housing Units | 1,178 ( 6.1%) |
| Median Home Value | $385,269 |
| Average Home Value | $431,366 |
Housing Distribution
Address Breakdown
Residential
18,482
Single Family
17,911
Multi-Family
571
Businesses
1,313
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Listed by: N/A • N/A
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