520 Shearers RdMooresvilleNC28115
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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 Mooresville at 520 Shearers Rd, Mooresville, NC, 28115 priced at $349,900 converts $2,452/mo rent into $319/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,452/mo, and annual cash flow totals $3,829/yr on $115,992 invested. Return on cash invested prints 23.21% in year one, and rental yield reads 8.41% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 120.47% and total cumulative return in cash sums $139,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,452/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28115, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,468 (100%) |
| Owner Occupied HU | 13,451 (69.1%) |
| Renter Occupied HU | 4,839 (24.9%) |
| Vacant Housing Units | 1,178 ( 6.1%) |
| Median Home Value | $385,269 |
| Average Home Value | $431,366 |
Housing Distribution
Address Breakdown
Residential
18,482
Single Family
17,911
Multi-Family
571
Businesses
1,313
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Listed by: Nikki Robinson • Lake Norman Realty, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311864