123 Kingsgate CtStatesvilleNC28625
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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 123 Kingsgate Ct, Statesville, NC, 28625 offers $2,411/mo rent that, after a $1,713/mo payment, leaves $278/mo cash flow. Total monthly income is $2,411/mo, and annual cash flow is $3,337/yr on $115,992 cash. Return on cash invested measures 22.79% in year one, and rental yield stands at 8.27% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 118.18% and total cumulative return in cash reaches $137,082. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,411/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.22 Acres 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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Nearby investment properties with comparable prices
Listed by: Barbara Dennes • Milemma Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4279840