1 Magnolia St,Statesville,NC,28677

Investment Highlights

Investment property for sale in Statesville at 1 Magnolia St, Statesville, NC, 28677 listed at $329,900 pairs $2,254/mo rent with a $1,615/mo payment to leave $243/mo cash flow. Total monthly income runs $2,254/mo, and annual cash flow reaches $2,917/yr on $109,362 cash to close. Return on cash invested measures 22.58% in year one, and rental yield registers 8.2% at a $329,900 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,145 by year five. Five-year ROI tracks 117.07% and total cumulative return in cash totals $128,031. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,254/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).