LOT 1 Hines RdMooresboroNC28114
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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 Mooresboro at LOT 1 Hines Rd, Mooresboro, NC, 28114 earns from $1,500/mo rent with a $1,419/mo payment. Total monthly income totals $1,500/mo. ROI tracks 16.58% on current figures, and rental yield reads 6.21% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 84.82% and total cumulative return in cash sums $81,544. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,500/mo property income instead of your personal income.
Manufactured
Built in 1973
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28114, Mooresboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,564 (100%) |
| Owner Occupied HU | 2,378 (66.7%) |
| Renter Occupied HU | 753 (21.1%) |
| Vacant Housing Units | 433 (12.1%) |
| Median Home Value | $182,725 |
| Average Home Value | $281,274 |
Housing Distribution
Address Breakdown
Residential
3,039
Single Family
3,023
Multi-Family
16
Businesses
88
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Listed by: Debra Martin • Purple Martin Realty, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283266