128 Steinbeck Way #HMooresvilleNC28115
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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
Investment property for sale in Mooresville at 128 Steinbeck Way #H, Mooresville, NC, 28115 offers a 7.37% rental yield on a $339,000 purchase with $2,081/mo rent. Total monthly income registers $2,081/mo, and a $1,659/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $182/yr on $112,379 to close, and return on cash invested stands at 20.07% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 103.61% and total cumulative return in cash at $116,440. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,081/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
0.03 Acres 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: Toni Hawkins • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325411