121 Lake Pine 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
Investment property for sale in Mooresville at 121 Lake Pine Rd, Mooresville, NC, 28117 with 5% annual appreciation on a $825,000 basis while $3,654/mo rent supports operations. 99% in year one. Equity gained on principal adds $5,324/yr, and five-year appreciation sums $227,932 alongside rental yield of 5.31%. Five-year ROI measures 70.91% and total cumulative return in cash totals $192,465. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,654/mo property income versus a $4,038/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
0.56 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: Michelle Giolitti • NextHome World Class
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334572