155 Shepherds Landing DrMooresvilleNC28115
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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 155 Shepherds Landing Dr, Mooresville, NC, 28115 priced at $365,975 converts $2,272/mo rent into after a $1,791/mo obligation. Total monthly income equals $2,272/mo. Return on cash invested prints 19.04% in year one, and rental yield reads 7.45% against a $365,975 entry. Equity gained on principal adds $2,362/yr, while 5% annual appreciation compiles into $101,112 by year five. Five-year ROI reaches 98.51% and total cumulative return in cash sums $119,509. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,272/mo property income covering a $1,791/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.15 Acres lot
$N/A/sqft
$130 monthly 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: Jimmy McClurg • Meritage Homes of the Carolinas
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4185335
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 11:54:03 PST. 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](/info/mls-disclaimers/#mls_87)