124 Utility Ln #EMooresvilleNC28115
Nearby investment properties with comparable rents
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
Investment property for sale in Mooresville at 124 Utility Ln #E, Mooresville, NC, 28115 offers a 8.66% rental yield on a $359,180 purchase with $2,593/mo rent. Total monthly income registers $2,593/mo, and a $1,758/mo payment leaves $404/mo available for distribution. Annual cash flow reaches $4,848/yr on $119,068 to close, and return on cash invested stands at 23.98% in year one. Equity gained on principal adds $2,318/yr while 5% annual appreciation supports $99,235 over five years. Portfolio math shows five-year ROI at 124.55% and total cumulative return in cash at $148,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,593/mo property income against a $1,758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28115, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,468 (100%) |
| Owner Occupied HU | 13,451 (69.1%) |
| Renter Occupied HU | 4,839 (24.9%) |
| Vacant Housing Units | 1,178 ( 6.1%) |
| Median Home Value | $385,269 |
| Average Home Value | $431,366 |
Housing Distribution
Address Breakdown
Residential
18,482
Single Family
17,911
Multi-Family
571
Businesses
1,313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A