612 Stewart CtStatesvilleNC28677
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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
Investment property for sale in Statesville at 612 Stewart Ct, Statesville, NC, 28677 with 5% annual appreciation on a $165,000 basis while $1,648/mo rent supports operations. Total monthly income totals $1,648/mo and a $808/mo payment preserves $642/mo for cash returns. Annual cash flow comes to $7,704/yr on $54,698 deployed, and return on cash invested reaches 33.99% in year one. Equity gained on principal adds $1,065/yr, and five-year appreciation sums $45,586 alongside rental yield of 11.99%. Five-year ROI measures 178.23% and total cumulative return in cash totals $97,487.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,648/mo property income versus a $808/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2001
0.18 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Mandy Dellinger • Metropolitan Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304314