146 Coolwood DrStatesvilleNC28625
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 Statesville at 146 Coolwood Dr, Statesville, NC, 28625 earns $237/mo cash flow from $2,040/mo rent with a $1,448/mo payment. Total monthly income totals $2,040/mo, and annual cash flow totals $2,843/yr on $98,091 capital. ROI tracks 22.81% on current figures, and rental yield reads 8.27% at a $295,900 purchase. Equity gained on principal adds $1,909/yr, and 5% annual appreciation supports $81,752 over five years. Five-year ROI reaches 118.25% and total cumulative return in cash sums $115,989. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,040/mo property income instead of your personal income.
Manufactured
Built in 1997
0.94 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: Jill Galliher • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310750