240 Alenda Lux Cir #97MooresvilleNC28115
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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 240 Alenda Lux Cir #97, Mooresville, NC, 28115 offers a 3.03% rental yield on a $640,900 purchase with $1,620/mo rent. 05% in year one. Equity gained on principal adds $4,136/yr while 5% annual appreciation supports $177,069 over five years. Portfolio math shows five-year ROI at 33.72% and total cumulative return in cash at $71,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,620/mo property income against a $3,137/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.21 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: Ryan Plowman • Plowman Properties LLC.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328689