137 Red Cedar LnStatesvilleNC28625
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
Rental property for sale in Statesville at 137 Red Cedar Ln, Statesville, NC, 28625 priced at $282,500 pairs $2,268/mo rent with $546/mo cash flow after a $1,383/mo payment. Total monthly income equals $2,268/mo, and annual cash flow comes to $6,552/yr on $93,649 invested. Return on cash invested is 26.91% in year one, and rental yield stands at 9.63% on a $282,500 basis. Equity gained on principal adds $1,823/yr, and 5% annual appreciation accumulates to $78,050 by year five. Five-year ROI measures 140.24% and total cumulative return in cash reaches $131,330. For financing, Ziffy Mortgage’s DSCR program evaluates $2,268/mo property income against a $1,383/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.54 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Braun • Showcase Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309152