143 Mary Locke Way,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at 143 Mary Locke Way, Statesville, NC, 28677 offers $2,640/mo rent that, after a $1,640/mo payment, leaves $598/mo cash flow. Total monthly income is $2,640/mo, and annual cash flow is $7,176/yr on $111,049 cash. Return on cash invested measures 26.37% in year one, and rental yield stands at 9.46% at a $334,990 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,552 by year five. Five-year ROI records 137.4% and total cumulative return in cash reaches $152,585. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.