1504 Royalty CirStatesvilleNC28625
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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 Statesville at 1504 Royalty Cir, Statesville, NC, 28625 uses $85,726 cash to close to unlock $4,804/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,220/mo, and a $1,266/mo payment keeps the spread at $400/mo. Purchase price stands at $258,600, and rental yield measures 10.3% with $2,220/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $71,446 over five years. Five-year ROI reaches 134.04% and total cumulative return in cash records $114,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $1,266/mo payment rather than investor’s personal income.
Single Family
Built in 2004
3,179 sqft lot
$N/A/sqft
$200 monthly 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
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