205 Proctor St,Lincolnton,NC,28092

Investment Highlights

Rental property for sale in Lincolnton at 205 Proctor St, Lincolnton, NC, 28092 offers $1,060/mo rent that, after a $661/mo payment, leaves $237/mo cash flow. Total monthly income is $1,060/mo, and annual cash flow is $2,844/yr on $44,753 cash. Return on cash invested measures 26.26% in year one, and rental yield stands at 9.42% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 136.75% and total cumulative return in cash reaches $61,201. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,060/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.