495 Turnersburg HwyStatesvilleNC28625
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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
Rental property for sale in Statesville at 495 Turnersburg Hwy, Statesville, NC, 28625 priced at $255,000 converts $2,040/mo rent into $486/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $5,832/yr on $84,533 invested. Return on cash invested prints 26.81% in year one, and rental yield reads 9.6% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 139.7% and total cumulative return in cash sums $118,088. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28625, Statesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,588 (100%) |
| Owner Occupied HU | 12,188 (69.3%) |
| Renter Occupied HU | 4,187 (23.8%) |
| Vacant Housing Units | 1,213 ( 6.9%) |
| Median Home Value | $314,741 |
| Average Home Value | $354,325 |
Housing Distribution
Address Breakdown
Residential
16,663
Single Family
15,291
Multi-Family
1,372
Businesses
907
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Listed by: Deanna Williams • Tarheel Realty II
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326778