206 Railroad StMooresboroNC28114
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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 Mooresboro at 206 Railroad St, Mooresboro, NC, 28114 priced at $170,000 converts $1,122/mo rent into $86/mo cash flow after a $832/mo obligation. Total monthly income equals $1,122/mo, and annual cash flow totals $1,032/yr on $56,355 invested. Return on cash invested prints 21.74% in year one, and rental yield reads 7.92% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 112.53% and total cumulative return in cash sums $63,417. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,122/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1955
5.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28114, Mooresboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,564 (100%) |
| Owner Occupied HU | 2,378 (66.7%) |
| Renter Occupied HU | 753 (21.1%) |
| Vacant Housing Units | 433 (12.1%) |
| Median Home Value | $182,725 |
| Average Home Value | $281,274 |
Housing Distribution
Address Breakdown
Residential
3,039
Single Family
3,023
Multi-Family
16
Businesses
88
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Listed by: Seledia Carver • Weichert Realtors Mountain Executives
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319655