934 Cherry StStatesvilleNC28677
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 934 Cherry St, Statesville, NC, 28677 in Statesville hard to pass up. The 10.04% gross yield on a $258,900 purchase results in $2,166/mo in rent and $588/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.86). Annual cash flow of $7,058, five-year appreciation of $71,529, and $2,384/yr in equity build-up combine for a projected total cumulative return of $135,956.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 8.5% |
| Monthly Cash Flow | $588 | $300 |
City averages based on Statesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,166 |
| Total Monthly Debt Service | $1,475 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1928
0.16 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1928
0.16 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329188