168 Water Ski Dr, Statesville, NC, 28677 | $233/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Statesville at 168 Water Ski Dr, Statesville, NC, 28677 generates $2,360/mo in rent and, after a $1,708/mo payment, leaves $233/mo in cash flow. Total monthly income is $2,360/mo, and annual cash flow is $2,798/yr on $115,694 invested. Return on cash invested sits at 22.33% in year one, and rental yield is 8.11% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 115.72% and total cumulative return in cash sums $133,884. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,360/mo property income rather than buyer’s personal income.

Single Family

Built in 2016

0.23 Acres lot

$N/A/sqft

No HOA