Millstone II Plan, FairfaxMooresvilleNC28117
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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
Rental property for sale in Mooresville at Millstone II Plan, Fairfax, Mooresville, NC, 28117 priced at $800,000 pairs $3,341/mo rent with after a $3,916/mo payment. Total monthly income equals $3,341/mo. Return on cash invested is 12.74% in year one, and rental yield stands at 5.01% on a $800,000 basis. Equity gained on principal adds $5,162/yr, and 5% annual appreciation accumulates to $221,025 by year five. Five-year ROI measures 64.34% and total cumulative return in cash reaches $169,340. For financing, Ziffy Mortgage’s DSCR program evaluates $3,341/mo property income against a $3,916/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$71 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28117, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,357 (100%) |
| Owner Occupied HU | 14,100 (57.9%) |
| Renter Occupied HU | 7,756 (31.8%) |
| Vacant Housing Units | 2,501 (10.3%) |
| Median Home Value | $594,069 |
| Average Home Value | $756,439 |
Housing Distribution
Address Breakdown
Residential
22,737
Single Family
20,043
Multi-Family
2,694
Businesses
2,416
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Listed by: N/A • Peachtree Residential Properties
Mls Name: Peachtree Residential
Mls ID: #N/A