269 Mary Locke Way,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at 269 Mary Locke Way, Statesville, NC, 28677 offers $2,640/mo rent that, after a $1,556/mo payment, leaves $702/mo cash flow. Total monthly income is $2,640/mo, and annual cash flow is $8,429/yr on $105,414 cash. Return on cash invested measures 27.91% in year one, and rental yield stands at 9.96% at a $317,990 entry. Equity gained on principal adds $2,052/yr while 5% annual appreciation compounds into $87,855 by year five. Five-year ROI records 145.61% and total cumulative return in cash reaches $153,488. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $1,556/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.