144 Mangum CirMooresvilleNC28117
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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 Mooresville at 144 Mangum Cir, Mooresville, NC, 28117 with 5% annual appreciation on a $219,000 basis while $1,922/mo rent supports operations. Total monthly income totals $1,922/mo and a $1,072/mo payment preserves $587/mo for cash returns. Annual cash flow comes to $7,046/yr on $72,599 deployed, and return on cash invested reaches 29.61% in year one. Equity gained on principal adds $1,413/yr, and five-year appreciation sums $60,506 alongside rental yield of 10.53%. Five-year ROI measures 154.83% and total cumulative return in cash totals $112,401.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,922/mo property income versus a $1,072/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28117, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,357 (100%) |
| Owner Occupied HU | 14,100 (57.9%) |
| Renter Occupied HU | 7,756 (31.8%) |
| Vacant Housing Units | 2,501 (10.3%) |
| Median Home Value | $594,069 |
| Average Home Value | $756,439 |
Housing Distribution
Address Breakdown
Residential
22,737
Single Family
20,043
Multi-Family
2,694
Businesses
2,416
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Listed by: Becky Wilhelm-Stillwell • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328026