302 W Carroll St,Cherryville,NC,28021

Investment Highlights

Investment property for sale in Cherryville at 302 W Carroll St, Cherryville, NC, 28021 offers a 10.35% rental yield on a $183,000 purchase with $1,578/mo rent. Total monthly income registers $1,578/mo, and a $896/mo payment leaves $462/mo available for distribution. Annual cash flow reaches $5,549/yr on $60,665 to close, and return on cash invested stands at 29.06% in year one. Equity gained on principal adds $1,181/yr while 5% annual appreciation supports $50,560 over five years. Portfolio math shows five-year ROI at 151.82% and total cumulative return in cash at $92,099. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,578/mo property income against a $896/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.