221 Island Terrace RdStatesvilleNC28677
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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 Statesville at 221 Island Terrace Rd, Statesville, NC, 28677 at $695,000 posts ROI 10.97% with from $2,504/mo rent. Total monthly income equals $2,504/mo. Return on cash invested measures 10.97% and rental yield reads 4.32% at the current $695,000. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 by year five. Five-year ROI prints 54.74% and total cumulative return in cash totals $125,166. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,504/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2013
0.56 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Sanchez • Allen Tate Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4220229
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-20 16:44:04 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)