203 Putnam St, Cherryville, NC, 28021 | $242/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Cherryville at 203 Putnam St, Cherryville, NC, 28021 listed at $225,000 pairs $1,613/mo rent with a $1,101/mo payment to leave $242/mo cash flow. Total monthly income runs $1,613/mo, and annual cash flow reaches $2,904/yr on $74,588 cash to close. Return on cash invested measures 23.8% in year one, and rental yield registers 8.6% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 123.57% and total cumulative return in cash totals $92,169. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,613/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1940

0.27 Acres lot

$N/A/sqft

No HOA