125 Mills Forest LnMooresvilleNC28117
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 125 Mills Forest Ln, Mooresville, NC, 28117 with 5% annual appreciation on a $356,300 basis while $2,310/mo rent supports operations. Total monthly income totals $2,310/mo and a $1,744/mo payment preserves $138/mo for cash returns. Annual cash flow comes to $1,661/yr on $118,113 deployed, and return on cash invested reaches 21.32% in year one. Equity gained on principal adds $2,299/yr, and five-year appreciation sums $98,439 alongside rental yield of 7.78%. Five-year ROI measures 110.28% and total cumulative return in cash totals $130,260.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,310/mo property income versus a $1,744/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
0.71 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A