150 Pleasant Grove LnMooresvilleNC28115
Nearby investment properties with comparable rents
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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
Rental property for sale in Mooresville at 150 Pleasant Grove Ln, Mooresville, NC, 28115 generates $2,344/mo in rent and, after a $1,762/mo payment, leaves $72/mo in cash flow. Total monthly income is $2,344/mo, and annual cash flow is $870/yr on $119,340 invested. Return on cash invested sits at 20.64% in year one, and rental yield is 7.81% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 106.93% and total cumulative return in cash sums $127,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,344/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.22 Acres lot
$N/A/sqft
$215 semi-annually 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: Chris Kirkman • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4252771
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-02 08:48:12 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)