131 Island Terrace Rd,Statesville,NC,28677

Investment Highlights

Investment property for sale in Statesville at 131 Island Terrace Rd, Statesville, NC, 28677 listed at $243,900 pairs $1,948/mo rent with a $1,194/mo payment to leave $461/mo cash flow. Total monthly income runs $1,948/mo, and annual cash flow reaches $5,536/yr on $80,853 cash to close. Return on cash invested measures 26.76% in year one, and rental yield registers 9.58% at a $243,900 basis. Equity gained on principal adds $1,574/yr, and annual property appreciation at 5% supports $67,385 by year five. Five-year ROI tracks 139.47% and total cumulative return in cash totals $112,767. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,948/mo property income relative to a $1,194/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).