3004 Newton Dr,Statesville,NC,28677

Investment Highlights

Investment property for sale in Statesville at 3004 Newton Dr, Statesville, NC, 28677 offers a 7.43% rental yield on a $269,900 purchase with $1,672/mo rent. Total monthly income registers $1,672/mo, and a $1,321/mo payment leaves $27/mo available for distribution. Annual cash flow reaches $325/yr on $89,472 to close, and return on cash invested stands at 20.27% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 104.73% and total cumulative return in cash at $93,702. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,672/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.