1320 Old Charlotte Rd,Statesville,NC,28677

Investment Highlights

Investment property for sale in Statesville at 1320 Old Charlotte Rd, Statesville, NC, 28677 offers a 9.76% rental yield on a $178,000 purchase with $1,447/mo rent. Total monthly income registers $1,447/mo, and a $871/mo payment leaves $362/mo available for distribution. Annual cash flow reaches $4,349/yr on $59,007 to close, and return on cash invested stands at 27.28% in year one. Equity gained on principal adds $1,149/yr while 5% annual appreciation supports $49,178 over five years. Portfolio math shows five-year ROI at 142.28% and total cumulative return in cash at $83,953. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,447/mo property income against a $871/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.