124 Utility Ln #CMooresvilleNC28117
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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 124 Utility Ln #C, Mooresville, NC, 28117 offers $2,617/mo rent that, after a $1,714/mo payment, leaves $483/mo cash flow. Total monthly income is $2,617/mo, and annual cash flow is $5,792/yr on $116,118 cash. Return on cash invested measures 24.9% in year one, and rental yield stands at 8.97% at a $350,280 entry. Equity gained on principal adds $2,260/yr while 5% annual appreciation compounds into $96,776 by year five. Five-year ROI records 129.47% and total cumulative return in cash reaches $150,342. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,617/mo property income versus a $1,714/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
0.05 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: Jimmy McClurg • Meritage Homes of the Carolinas
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283296