1418 Huggins StStatesvilleNC28677
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 1418 Huggins St, Statesville, NC, 28677 generates $1,054/mo in rent and, after a $685/mo payment, leaves $201/mo in cash flow. Total monthly income is $1,054/mo, and annual cash flow is $2,412/yr on $46,410 invested. Return on cash invested sits at 25.11% in year one, and rental yield is 9.03% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 130.57% and total cumulative return in cash sums $60,598. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,054/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
0.16 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carlos Garcia • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324884