159 Bowman RdStatesvilleNC28625
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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 159 Bowman Rd, Statesville, NC, 28625 with 5% annual appreciation on a $269,000 basis while $1,956/mo rent supports operations. Total monthly income totals $1,956/mo and a $1,317/mo payment preserves $316/mo for cash returns. Annual cash flow comes to $3,794/yr on $89,174 deployed, and return on cash invested reaches 24.16% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 8.73%. Five-year ROI measures 125.58% and total cumulative return in cash totals $111,983.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,956/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
0.38 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
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Listed by: Freddy Karmatz • FK and Associates Real Estate Firm
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286447