516 S Mulberry St, Statesville, NC, 28677 | $55/mo Cash Flow

For Sale

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 516 S Mulberry St, Statesville, NC, 28677 with 5% annual appreciation on a $302,000 basis while $1,895/mo rent supports operations. Total monthly income totals $1,895/mo and a $1,478/mo payment preserves $55/mo for cash returns. Annual cash flow comes to $655/yr on $100,113 deployed, and return on cash invested reaches 20.56% in year one. Equity gained on principal adds $1,949/yr, and five-year appreciation sums $83,437 alongside rental yield of 7.53%. Five-year ROI measures 106.24% and total cumulative return in cash totals $106,360.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,895/mo property income versus a $1,478/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1955

0.34 Acres lot

$N/A/sqft

No HOA