669 Midway RdStatesvilleNC28625
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 Statesville at 669 Midway Rd, Statesville, NC, 28625 priced at $393,000 pairs $1,812/mo rent with after a $1,924/mo payment. Total monthly income equals $1,812/mo. Return on cash invested is 14.53% in year one, and rental yield stands at 5.53% on a $393,000 basis. Equity gained on principal adds $2,536/yr, and 5% annual appreciation accumulates to $108,579 by year five. Five-year ROI measures 73.9% and total cumulative return in cash reaches $96,278. For financing, Ziffy Mortgage’s DSCR program evaluates $1,812/mo property income against a $1,924/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
4.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28625, Statesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,588 (100%) |
| Owner Occupied HU | 12,188 (69.3%) |
| Renter Occupied HU | 4,187 (23.8%) |
| Vacant Housing Units | 1,213 ( 6.9%) |
| Median Home Value | $314,741 |
| Average Home Value | $354,325 |
Housing Distribution
Address Breakdown
Residential
16,663
Single Family
15,291
Multi-Family
1,372
Businesses
907
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Listed by: Beth Pihl • Southern Homes of the Carolinas, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4302208