334 Patterson AveMooresvilleNC28115
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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 334 Patterson Ave, Mooresville, NC, 28115 at $150,000 posts ROI 26.68% with $280/mo cash flow from $1,200/mo rent. Total monthly income equals $1,200/mo, and annual cash flow records $3,364/yr on $49,725 to close. Return on cash invested measures 26.68% and rental yield reads 9.6% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 139.09% and total cumulative return in cash totals $69,162.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,200/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1901
1,759 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28115, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,468 (100%) |
| Owner Occupied HU | 13,451 (69.1%) |
| Renter Occupied HU | 4,839 (24.9%) |
| Vacant Housing Units | 1,178 ( 6.1%) |
| Median Home Value | $385,269 |
| Average Home Value | $431,366 |
Housing Distribution
Address Breakdown
Residential
18,482
Single Family
17,911
Multi-Family
571
Businesses
1,313
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