175 Folkstone RdMooresvilleNC28117
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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 Mooresville at 175 Folkstone Rd, Mooresville, NC, 28117 offers a 2.91% rental yield on a $1,499,900 purchase with $3,635/mo rent. 77% in year one. Equity gained on principal adds $9,679/yr while 5% annual appreciation supports $414,395 over five years. Portfolio math shows five-year ROI at 32.19% and total cumulative return in cash at $156,412. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,635/mo property income against a $7,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28117, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,357 (100%) |
| Owner Occupied HU | 14,100 (57.9%) |
| Renter Occupied HU | 7,756 (31.8%) |
| Vacant Housing Units | 2,501 (10.3%) |
| Median Home Value | $594,069 |
| Average Home Value | $756,439 |
Housing Distribution
Address Breakdown
Residential
22,737
Single Family
20,043
Multi-Family
2,694
Businesses
2,416
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Listed by: Sunisay Yates • Yates Realty Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283367