1701 5th StStatesvilleNC28677
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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
Rental property for sale in Statesville at 1701 5th St, Statesville, NC, 28677 generates $1,980/mo in rent and, after a $1,067/mo payment, leaves $651/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $7,817/yr on $72,267 invested. Return on cash invested sits at 30.73% in year one, and rental yield is 10.9% on a $218,000 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 160.75% and total cumulative return in cash sums $116,167. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.17 Acres lot
$N/A/sqft
No HOA
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Listed by: Whitney Hunt-Sailors • Opendoor Brokerage LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322634