388 Cove Creek LoopMooresvilleNC28117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 388 Cove Creek Loop, Mooresville, NC, 28117 at $1,325,000 posts ROI 15.73% with from $6,416/mo rent. Total monthly income equals $6,416/mo. Return on cash invested measures 15.73% and rental yield reads 5.81% at the current $1,325,000. Equity gained on principal adds $8,550/yr, and 5% annual appreciation supports $366,073 by year five. Five-year ROI prints 80.22% and total cumulative return in cash totals $344,380. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,416/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
1.39 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Davis • Mooresville Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304115