830 S Magnolia StMooresvilleNC28115
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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 Mooresville at 830 S Magnolia St, Mooresville, NC, 28115 uses $119,307 cash to close to unlock $2,749/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $2,423/mo, and a $1,762/mo payment keeps the spread at $229/mo. Purchase price stands at $359,900, and rental yield measures 8.08% with $2,423/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 115.11% and total cumulative return in cash records $137,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,423/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28115, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,468 (100%) |
| Owner Occupied HU | 13,451 (69.1%) |
| Renter Occupied HU | 4,839 (24.9%) |
| Vacant Housing Units | 1,178 ( 6.1%) |
| Median Home Value | $385,269 |
| Average Home Value | $431,366 |
Housing Distribution
Address Breakdown
Residential
18,482
Single Family
17,911
Multi-Family
571
Businesses
1,313
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Listed by: Sandy McAlpine • RE/MAX Results
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328561