802 Wood StStatesvilleNC28677
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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 802 Wood St, Statesville, NC, 28677 priced at $179,500 pairs $1,608/mo rent with $514/mo cash flow after a $879/mo payment. Total monthly income equals $1,608/mo, and annual cash flow comes to $6,163/yr on $59,504 invested. Return on cash invested is 30.27% in year one, and rental yield stands at 10.75% on a $179,500 basis. Equity gained on principal adds $1,158/yr, and 5% annual appreciation accumulates to $49,593 by year five. Five-year ROI measures 158.29% and total cumulative return in cash reaches $94,192. For financing, Ziffy Mortgage’s DSCR program evaluates $1,608/mo property income against a $879/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.17 Acres lot
$N/A/sqft
No HOA
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Listed by: Amanda Coleman • Tarheel Realty II
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4306221