8037 Mill Chase RdLewisvilleNC27023
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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
Investment property for sale in Lewisville at 8037 Mill Chase Rd, Lewisville, NC, 27023 listed at $406,500 pairs $2,141/mo rent with a $1,990/mo payment. Total monthly income runs $2,141/mo. Return on cash invested measures 16.91% in year one, and rental yield registers 6.32% at a $406,500 basis. Equity gained on principal adds $2,623/yr, and annual property appreciation at 5% supports $112,308 by year five. Five-year ROI tracks 86.66% and total cumulative return in cash totals $116,777. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,141/mo property income relative to a $1,990/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Jeff Nicholson • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327727