508 Elpine StStatesvilleNC28677
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 508 Elpine St, Statesville, NC, 28677 in Statesville earns a 8.72% gross yield at $272,500. Rent of $1,980/mo nets $319/mo after the $1,225/mo mortgage. The 1.62 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $75,287 and $2,510/yr in equity accumulation project a total cumulative return of $123,766.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 8.5% |
| Monthly Cash Flow | $319 | $300 |
City averages based on Statesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $1,552 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.38 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 2024
0.38 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices