364 N Oakwood DrStatesvilleNC28677
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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 Statesville at 364 N Oakwood Dr, Statesville, NC, 28677 listed at $429,000 pairs $2,261/mo rent with a $2,100/mo payment. Total monthly income runs $2,261/mo. Return on cash invested measures 16.92% in year one, and rental yield registers 6.32% at a $429,000 basis. Equity gained on principal adds $2,768/yr, and annual property appreciation at 5% supports $118,525 by year five. Five-year ROI tracks 86.73% and total cumulative return in cash totals $123,349. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,261/mo property income relative to a $2,100/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.36 Acres lot
$N/A/sqft
No HOA
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Listed by: Thomas Gregory • Lake Norman Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4340183