320 S Oakwood Dr, Statesville, NC, 28677 | $553/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1500 sft

134 Whitney Ln, Statesville, NC, 28625

3 Bed
2 Bath
- sft

129 Draughn Dr, Statesville, NC, 28677

3 Bed
2 Bath
1458 sft

105 Overcash Rd, Troutman, NC, 28166

2 Bed
1 Bath
1142 sft

1902 Old Wilkesboro Rd, Statesville, NC, 28625

Nearby investment properties with comparable prices

2 Bed
1 Bath
1023 sft

6581 Barnette Dr, Catawba, NC, 28609

2 Bed
1 Bath
1048 sft

5415 State Highway 90 E, Hiddenite, NC, 28636

2 Bed
2 Bath
1334 sft

937 Gladstone Rd, Mocksville, NC, 27028

3 Bed
2 Bath
1197 sft

142 Idlebrook Rd, Statesville, NC, 28677

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Statesville at 320 S Oakwood Dr, Statesville, NC, 28677 uses $79,560 cash to close to unlock $6,636/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $2,016/mo, and a $1,175/mo payment keeps the spread at $553/mo. Purchase price stands at $240,000, and rental yield measures 10.08% with $2,016/mo rent. Return on cash invested shows 28.25% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 147.44% and total cumulative return in cash records $117,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,016/mo property income covering a $1,175/mo payment rather than investor’s personal income.

Single Family

Built in 1946

0.18 Acres lot

$N/A/sqft

No HOA