637 Williamson RdMooresvilleNC28117
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
Investment Highlights
Rental property for sale in Mooresville at 637 Williamson Rd, Mooresville, NC, 28117 generates $2,482/mo in rent, after a $2,937/mo payment. Total monthly income is $2,482/mo. Return on cash invested sits at 12.92% in year one, and rental yield is 4.96% on a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 65.19% and total cumulative return in cash sums $128,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,482/mo property income rather than buyer’s personal income.
Condo
Built in 2002
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28117, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,357 (100%) |
| Owner Occupied HU | 14,100 (57.9%) |
| Renter Occupied HU | 7,756 (31.8%) |
| Vacant Housing Units | 2,501 (10.3%) |
| Median Home Value | $594,069 |
| Average Home Value | $756,439 |
Housing Distribution
Address Breakdown
Residential
22,737
Single Family
20,043
Multi-Family
2,694
Businesses
2,416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandy Edinger • Ivy Property Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334483