120 Rock AveStatesvilleNC28625
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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
Rental property for sale in Statesville at 120 Rock Ave, Statesville, NC, 28625 priced at $388,400 pairs $2,435/mo rent with $68/mo cash flow after a $1,901/mo payment. Total monthly income equals $2,435/mo, and annual cash flow comes to $815/yr on $128,755 invested. Return on cash invested is 20.54% in year one, and rental yield stands at 7.52% on a $388,400 basis. Equity gained on principal adds $2,506/yr, and 5% annual appreciation accumulates to $107,308 by year five. Five-year ROI measures 106.1% and total cumulative return in cash reaches $136,606. For financing, Ziffy Mortgage’s DSCR program evaluates $2,435/mo property income against a $1,901/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A 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
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Listed by: N/A • N/A
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A