179 Canada DrStatesvilleNC28677
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 179 Canada Dr, Statesville, NC, 28677 in Statesville is a conservative rental investment at $479,900. Rental yield 6.11%. A 1.13 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $132,588; $4,420/yr in principal paydown supplements. Total projected return: $150,891.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 8.5% |
| Monthly Cash Flow | $(480) | $300 |
City averages based on Statesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,444 |
| Total Monthly Debt Service | $2,734 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2020
0.21 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2020
0.21 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roxanna LeVan • Howard Hanna Allen Tate Statesville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4281918