8037 Mill ChaseLewisvilleNC27023
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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
Investment property for sale in Lewisville at 8037 Mill Chase, Lewisville, NC, 27023 offers a 6.66% rental yield on a $406,500 purchase with $2,256/mo rent. 93% in year one. Equity gained on principal adds $2,623/yr while 5% annual appreciation supports $112,308 over five years. Portfolio math shows five-year ROI at 92.15% and total cumulative return in cash at $124,181. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,256/mo property income against a $1,990/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27023, Lewisville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,965 (100%) |
| Owner Occupied HU | 4,746 (79.6%) |
| Renter Occupied HU | 816 (13.7%) |
| Vacant Housing Units | 403 ( 6.8%) |
| Median Home Value | $391,092 |
| Average Home Value | $494,701 |
Housing Distribution
Address Breakdown
Residential
5,550
Single Family
5,243
Multi-Family
307
Businesses
370
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Listed by: Jeffrey Nicholson • NorthGroup Real Estate
Mls Name: Triad MLS
Mls ID: #1203875