555 Laurel Cove RdStatesvilleNC28677
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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 555 Laurel Cove Rd, Statesville, NC, 28677 generates $2,944/mo in rent, after a $5,771/mo payment. Total monthly income is $2,944/mo. Return on cash invested sits at 7.04% in year one, and rental yield is 3% on a $1,179,000 entry. Equity gained on principal adds $7,608/yr, while 5% annual appreciation builds toward $325,736 over five years. Five-year ROI reaches 33.64% and total cumulative return in cash sums $128,502. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,944/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
0.48 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Robin Hurd • Carolina Realty Solutions
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4300596