121 High Rock Ct #8StatesvilleNC28677
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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 Statesville at 121 High Rock Ct #8, Statesville, NC, 28677 offers $3,880/mo rent that, after a $2,328/mo payment, leaves $981/mo cash flow. Total monthly income is $3,880/mo, and annual cash flow is $11,776/yr on $157,645 cash. Return on cash invested measures 27.38% in year one, and rental yield stands at 9.79% at a $475,550 entry. Equity gained on principal adds $3,069/yr while 5% annual appreciation compounds into $131,386 by year five. Five-year ROI records 142.79% and total cumulative return in cash reaches $225,095. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,880/mo property income versus a $2,328/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
1.08 Acres lot
$N/A/sqft
No HOA
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Listed by: Melinda Corns • Adams Homes Realty-NC, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4233024