108 Robin Ln,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at 108 Robin Ln, Statesville, NC, 28677 priced at $324,500 converts $2,147/mo rent into $170/mo cash flow after a $1,588/mo obligation. Total monthly income equals $2,147/mo, and annual cash flow totals $2,035/yr on $107,572 invested. Return on cash invested prints 21.8% in year one, and rental yield reads 7.94% against a $324,500 entry. Equity gained on principal adds $2,094/yr, while 5% annual appreciation compiles into $89,653 by year five. Five-year ROI reaches 112.87% and total cumulative return in cash sums $121,416. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,147/mo property income covering a $1,588/mo payment, not borrower’s personal income.