315 W Waterlynn RdMooresvilleNC28117
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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 315 W Waterlynn Rd, Mooresville, NC, 28117 earns from $6,296/mo rent with a $6,730/mo payment. Total monthly income totals $6,296/mo. ROI tracks 14.76% on current figures, and rental yield reads 5.49% at a $1,375,000 purchase. Equity gained on principal adds $8,873/yr, and 5% annual appreciation supports $379,887 over five years. Five-year ROI reaches 74.98% and total cumulative return in cash sums $334,026. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,296/mo property income instead of your personal income.
Single Family
Built in 2023
0.55 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
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Listed by: Scott David • Milemma Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301278