226 Shepherd RdMooresvilleNC28115
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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 226 Shepherd Rd, Mooresville, NC, 28115 priced at $245,000 converts $1,540/mo rent into $47/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,540/mo, and annual cash flow totals $564/yr on $81,218 invested. Return on cash invested prints 20.6% in year one, and rental yield reads 7.54% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 106.43% and total cumulative return in cash sums $86,436. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,540/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28115, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,468 (100%) |
| Owner Occupied HU | 13,451 (69.1%) |
| Renter Occupied HU | 4,839 (24.9%) |
| Vacant Housing Units | 1,178 ( 6.1%) |
| Median Home Value | $385,269 |
| Average Home Value | $431,366 |
Housing Distribution
Address Breakdown
Residential
18,482
Single Family
17,911
Multi-Family
571
Businesses
1,313
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Listed by: Rhonda Bowles • Strong Tower Property, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333704