138 Satchel CtMooresvilleNC28115
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 138 Satchel Ct, Mooresville, NC, 28115 listed at $404,080 pairs $3,256/mo rent with a $1,978/mo payment to leave $793/mo cash flow. Total monthly income runs $3,256/mo, and annual cash flow reaches $9,517/yr on $133,953 cash to close. Return on cash invested measures 27.01% in year one, and rental yield registers 9.67% at a $404,080 basis. Equity gained on principal adds $2,607/yr, and annual property appreciation at 5% supports $111,640 by year five. Five-year ROI tracks 140.84% and total cumulative return in cash totals $188,665. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,256/mo property income relative to a $1,978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sam Osteen • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A