638 Old Salisbury Rd, Statesville, NC, 28677 | $641/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1486 sft

93 Spring St, Galax, VA, 24333

2 Bed
2 Bath
1008 sft

195 Wedgewood Ridge Ln, Fancy Gap, VA, 24328

4 Bed
2 Bath
2342 sft

1750 Ridge Rd, Austinville, VA, 24312

3 Bed
2 Bath
1120 sft

4517 Peppers Ferry Rd, Wytheville, VA, 24382

Nearby investment properties with comparable prices

3 Bed
1 Bath
1160 sft

1146 Glendale Rd, Galax, VA, 24333

3 Bed
2 Bath
1512 sft

1436 Fort Chiswell Rd, Max Meadows, VA, 24360

3 Bed
2 Bath
1344 sft

251 Piney Mountain Rd, Wytheville, VA, 24382

3 Bed
1 Bath
1055 sft

215 11th St NW, Pulaski, VA, 24301

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Statesville at 638 Old Salisbury Rd, Statesville, NC, 28677 priced at $215,000 pairs $1,951/mo rent with $641/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,951/mo, and annual cash flow comes to $7,692/yr on $71,273 invested. Return on cash invested is 30.7% in year one, and rental yield stands at 10.89% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 160.57% and total cumulative return in cash reaches $114,445. For financing, Ziffy Mortgage’s DSCR program evaluates $1,951/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1920

0.33 Acres lot

$N/A/sqft

No HOA