133 Penny DrStatesvilleNC28625
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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 Statesville at 133 Penny Dr, Statesville, NC, 28625 offers a 11.25% rental yield on a $199,500 purchase with $1,870/mo rent. Total monthly income registers $1,870/mo, and a $976/mo payment leaves $655/mo available for distribution. Annual cash flow reaches $7,855/yr on $66,134 to close, and return on cash invested stands at 31.79% in year one. Equity gained on principal adds $1,287/yr while 5% annual appreciation supports $55,118 over five years. Portfolio math shows five-year ROI at 166.42% and total cumulative return in cash at $110,059. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,870/mo property income against a $976/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28625, Statesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,588 (100%) |
| Owner Occupied HU | 12,188 (69.3%) |
| Renter Occupied HU | 4,187 (23.8%) |
| Vacant Housing Units | 1,213 ( 6.9%) |
| Median Home Value | $314,741 |
| Average Home Value | $354,325 |
Housing Distribution
Address Breakdown
Residential
16,663
Single Family
15,291
Multi-Family
1,372
Businesses
907
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Listed by: Debbie Schneble • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322178