816 Alexander 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
Investment property for sale in Statesville at 816 Alexander St, Statesville, NC, 28677 earns $555/mo cash flow from $1,646/mo rent with a $876/mo payment. Total monthly income totals $1,646/mo, and annual cash flow totals $6,662/yr on $59,339 capital. ROI tracks 31.14% on current figures, and rental yield reads 11.03% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 163% and total cumulative return in cash sums $96,723. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,646/mo property income instead of your personal income.
Single Family
Built in 1966
0.21 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Devon Stamey • Lake Norman Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292064