328 N Miller Ave, Statesville, NC, 28677 | $241/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Statesville at 328 N Miller Ave, Statesville, NC, 28677 with 5% annual appreciation on a $244,000 basis while $1,728/mo rent supports operations. Total monthly income totals $1,728/mo and a $1,194/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,894/yr on $80,886 deployed, and return on cash invested reaches 23.49% in year one. Equity gained on principal adds $1,574/yr, and five-year appreciation sums $67,413 alongside rental yield of 8.5%. Five-year ROI measures 121.95% and total cumulative return in cash totals $98,638.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,728/mo property income versus a $1,194/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1925

0.38 Acres lot

$N/A/sqft

No HOA