401 E Broad St, Statesville, NC, 28677 | $365/mo Cash Flow

For Sale

Currently Rented

Fix & Flip

Rental Income

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 401 E Broad St, Statesville, NC, 28677 uses $71,273 cash to close to unlock $4,380/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,675/mo, and a $1,052/mo payment keeps the spread at $365/mo. Purchase price stands at $215,000, and rental yield measures 9.35% with $1,675/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 135.66% and total cumulative return in cash records $96,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,675/mo property income covering a $1,052/mo payment rather than investor’s personal income.

Multi Family

Built in 1900

0.26 Acres lot

$N/A/sqft

No HOA