160 Mountain Bridge WayStatesvilleNC28625
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Statesville at 160 Mountain Bridge Way, Statesville, NC, 28625 priced at $381,980 converts $2,435/mo rent into $107/mo cash flow after a $1,870/mo obligation. Total monthly income equals $2,435/mo, and annual cash flow totals $1,279/yr on $126,626 invested. Return on cash invested prints 20.92% in year one, and rental yield reads 7.65% against a $381,980 entry. Equity gained on principal adds $2,465/yr, while 5% annual appreciation compiles into $105,534 by year five. Five-year ROI reaches 108.14% and total cumulative return in cash sums $136,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,435/mo property income covering a $1,870/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A