378 Cornelius 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 378 Cornelius Rd, Mooresville, NC, 28117 listed at $395,000 pairs $2,888/mo rent with a $1,933/mo payment to leave $481/mo cash flow. Total monthly income runs $2,888/mo, and annual cash flow reaches $5,772/yr on $130,943 cash to close. Return on cash invested measures 24.32% in year one, and rental yield registers 8.77% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 126.34% and total cumulative return in cash totals $165,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,888/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
1.32 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: Ginny Barker • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331153