193 Cornelius 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 193 Cornelius Rd, Mooresville, NC, 28117 listed at $200,000 pairs $1,392/mo rent with a $979/mo payment to leave $173/mo cash flow. Total monthly income runs $1,392/mo, and annual cash flow reaches $2,076/yr on $66,300 cash to close. Return on cash invested measures 23.04% in year one, and rental yield registers 8.35% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 119.49% and total cumulative return in cash totals $79,220. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,392/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1981
1.05 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: Joey Portnova • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321894