119 Marietta RdMooresvilleNC28117
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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 119 Marietta Rd, Mooresville, NC, 28117 priced at $335,000 pairs $2,952/mo rent with $910/mo cash flow after a $1,640/mo payment. Total monthly income equals $2,952/mo, and annual cash flow comes to $10,920/yr on $111,053 invested. Return on cash invested is 29.74% in year one, and rental yield stands at 10.57% on a $335,000 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,554 by year five. Five-year ROI measures 155.43% and total cumulative return in cash reaches $172,604. For financing, Ziffy Mortgage’s DSCR program evaluates $2,952/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.93 Acres 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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Listed by: Jon Madison • Madison & Company Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4253281