124 Utility Ln UNIT AMooresvilleNC28115
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 UNIT A, Mooresville, NC, 28115 at $364,300 posts ROI 23.61% with $373/mo cash flow from $2,593/mo rent. Total monthly income equals $2,593/mo, and annual cash flow records $4,474/yr on $120,765 to close. Return on cash invested measures 23.61% and rental yield reads 8.54% at the current $364,300. Equity gained on principal adds $2,351/yr, and 5% annual appreciation supports $100,649 by year five. Five-year ROI prints 122.59% and total cumulative return in cash totals $148,047.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,593/mo property income rather than your personal income records (W2s, Paystubs, 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
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Listed by: N/A • N/A
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A