155 Springdale Acres 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 Springdale Acres Dr, Mooresville, NC, 28115 priced at $259,000 converts $2,472/mo rent into $893/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,472/mo, and annual cash flow totals $10,718/yr on $85,859 invested. Return on cash invested prints 32.39% in year one, and rental yield reads 11.45% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 169.72% and total cumulative return in cash sums $145,720. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,472/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Manufactured
Built in 1992
0.51 Acres lot
$N/A/sqft
No 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: Tony Karak • Better Homes and Garden Real Estate Paracle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292907