170 Proctor School 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 170 Proctor School Rd, Mooresboro, NC, 28114 uses $38,123 cash to close to unlock $2,568/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $915/mo, and a $563/mo payment keeps the spread at $214/mo. Purchase price stands at $115,000, and rental yield measures 9.55% with $915/mo rent. Return on cash invested shows 26.65% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash records $52,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $915/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.28 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: Dorothy Barnett • Dot Jarrett Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332909