1696 Race Path Church RdMooresboroNC28114
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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 Mooresboro at 1696 Race Path Church Rd, Mooresboro, NC, 28114 with 5% annual appreciation on a $260,000 basis while $1,985/mo rent supports operations. Total monthly income totals $1,985/mo and a $1,273/mo payment preserves $400/mo for cash returns. Annual cash flow comes to $4,800/yr on $86,190 deployed, and return on cash invested reaches 25.48% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 9.16%. Five-year ROI measures 132.56% and total cumulative return in cash totals $114,257.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,985/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28114, Mooresboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,564 (100%) |
| Owner Occupied HU | 2,378 (66.7%) |
| Renter Occupied HU | 753 (21.1%) |
| Vacant Housing Units | 433 (12.1%) |
| Median Home Value | $182,725 |
| Average Home Value | $281,274 |
Housing Distribution
Address Breakdown
Residential
3,039
Single Family
3,023
Multi-Family
16
Businesses
88
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Listed by: Charles Burgess • Epic Life Realty Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4323097