1245 Mitchell Ave, Statesville, NC, 28677 | $461/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Statesville at 1245 Mitchell Ave, Statesville, NC, 28677 earns $461/mo cash flow from $1,796/mo rent with a $1,072/mo payment. Total monthly income totals $1,796/mo, and annual cash flow totals $5,534/yr on $72,599 capital. ROI tracks 27.53% on current figures, and rental yield reads 9.84% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 143.65% and total cumulative return in cash sums $104,289. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,796/mo property income instead of your personal income.

Single Family

Built in 1947

0.28 Acres lot

$N/A/sqft

No HOA