167 Gage 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
Investment property for sale in Mooresville at 167 Gage Dr, Mooresville, NC, 28115 with 5% annual appreciation on a $445,000 basis while $2,752/mo rent supports operations. Total monthly income totals $2,752/mo and a $2,178/mo payment preserves $40/mo for cash returns. Annual cash flow comes to $480/yr on $147,518 deployed, and return on cash invested reaches 20.23% in year one. Equity gained on principal adds $2,872/yr, and five-year appreciation sums $122,945 alongside rental yield of 7.42%. Five-year ROI measures 104.45% and total cumulative return in cash totals $154,076.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,752/mo property income versus a $2,178/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2014
0.19 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: Tim McLendon • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314236