213 Bakery LnStatesvilleNC28677
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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 Statesville at 213 Bakery Ln, Statesville, NC, 28677 priced at $139,000 converts $1,044/mo rent into $197/mo cash flow after a $680/mo obligation. Total monthly income equals $1,044/mo, and annual cash flow totals $2,366/yr on $46,079 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 9.01% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 130.36% and total cumulative return in cash sums $60,068. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,044/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1942
0.24 Acres lot
$N/A/sqft
No HOA
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Listed by: Alejandra Salas • Southern Homes of the Carolinas, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332534