189 Singleton 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
Rental property for sale in Mooresville at 189 Singleton Rd, Mooresville, NC, 28117 generates $2,123/mo in rent and, after a $1,591/mo payment, leaves $142/mo in cash flow. Total monthly income is $2,123/mo, and annual cash flow is $1,704/yr on $107,738 invested. Return on cash invested sits at 21.49% in year one, and rental yield is 7.84% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 111.18% and total cumulative return in cash sums $119,785. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,123/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
0.03 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: Jaime Blair • Howard Hanna Allen Tate Mooresville/LKN
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299478