174 Glastonbury 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
Rental property for sale in Mooresville at 174 Glastonbury Dr, Mooresville, NC, 28115 priced at $465,000 pairs $3,166/mo rent with $198/mo cash flow after a $2,276/mo payment. Total monthly income equals $3,166/mo, and annual cash flow comes to $2,378/yr on $154,148 invested. Return on cash invested is 21.45% in year one, and rental yield stands at 8.17% on a $465,000 basis. Equity gained on principal adds $3,001/yr, and 5% annual appreciation accumulates to $128,471 by year five. Five-year ROI measures 111.38% and total cumulative return in cash reaches $171,695. For financing, Ziffy Mortgage’s DSCR program evaluates $3,166/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
0.20 Acres lot
$N/A/sqft
$61 monthly 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: Kelly Warren • ERA Live Moore
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4223117
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 11:58:54 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)