502 Hickory Ave,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at 502 Hickory Ave, Statesville, NC, 28677 offers $1,440/mo rent that, after a $710/mo payment, leaves $556/mo cash flow. Total monthly income is $1,440/mo, and annual cash flow is $6,672/yr on $48,068 cash. Return on cash invested measures 33.79% in year one, and rental yield stands at 11.92% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 177.14% and total cumulative return in cash reaches $85,148. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.