138 Shepherd RdMooresvilleNC28115
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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
Total monthly income runs $2,521/mo, and a $2,080/mo payment. Purchase price stands at $425,000, and rental yield measures 7.12% with $2,521/mo rent. Return on cash invested shows 19.32% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 99.56% and total cumulative return in cash records $140,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,521/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1938
1.70 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: Brock Hennis • Better Homes and Gardens Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299981