1818 Wilson W Lee BlvdStatesvilleNC28677
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1818 Wilson W Lee Blvd, Statesville, NC, 28677 in Statesville. Priced at $249,000, it generates $2,176/mo in gross rent and $658/mo in net monthly cash flow, a 10.48% yield that comfortably supports the 1.94 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,897. Five-year appreciation: $68,794. Equity from principal paydown: $2,293/yr. Total projected cumulative return: $136,713.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 8.5% |
| Monthly Cash Flow | $658 | $300 |
City averages based on Statesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,176 |
| Total Monthly Debt Service | $1,418 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2025
0.14 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 2025
0.14 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Brown • Northway Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326375