118 Fordingbridge LnMooresvilleNC28117
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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 Mooresville at 118 Fordingbridge Ln, Mooresville, NC, 28117 at $541,800 posts ROI 20.45% with $58/mo cash flow from $3,360/mo rent. Total monthly income equals $3,360/mo, and annual cash flow records $694/yr on $178,252 to close. Return on cash invested measures 20.45% and rental yield reads 7.44% at the current $541,800. Equity gained on principal adds $3,496/yr, and 5% annual appreciation supports $149,689 by year five. Five-year ROI prints 105.58% and total cumulative return in cash totals $188,199.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,360/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28117, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,357 (100%) |
| Owner Occupied HU | 14,100 (57.9%) |
| Renter Occupied HU | 7,756 (31.8%) |
| Vacant Housing Units | 2,501 (10.3%) |
| Median Home Value | $594,069 |
| Average Home Value | $756,439 |
Housing Distribution
Address Breakdown
Residential
22,737
Single Family
20,043
Multi-Family
2,694
Businesses
2,416
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