318 Queens Cove 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 318 Queens Cove Rd, Mooresville, NC, 28117 with 5% annual appreciation on a $1,279,900 basis while $2,711/mo rent supports operations. 64% in year one. Equity gained on principal adds $8,259/yr, and five-year appreciation sums $353,613 alongside rental yield of 2.54%. Five-year ROI measures 26.13% and total cumulative return in cash totals $108,353. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,711/mo property income versus a $6,264/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1983
0.78 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: Tim Brown • Hines & Associates Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325422