273 Preston RdMooresvilleNC28117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 273 Preston Rd, Mooresville, NC, 28117 uses $200,690 cash to close to unlock $8,832/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $4,454/mo, and a $2,986/mo payment keeps the spread at $736/mo. Purchase price stands at $610,000, and rental yield measures 8.76% with $4,454/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 127.08% and total cumulative return in cash records $255,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,454/mo property income covering a $2,986/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28117, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,357 (100%) |
| Owner Occupied HU | 14,100 (57.9%) |
| Renter Occupied HU | 7,756 (31.8%) |
| Vacant Housing Units | 2,501 (10.3%) |
| Median Home Value | $594,069 |
| Average Home Value | $756,439 |
Housing Distribution
Address Breakdown
Residential
22,737
Single Family
20,043
Multi-Family
2,694
Businesses
2,416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ginny Barker • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4286888