520 Margaret Dr,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at 520 Margaret Dr, Statesville, NC, 28677 priced at $184,500 pairs $1,658/mo rent with $534/mo cash flow after a $903/mo payment. Total monthly income equals $1,658/mo, and annual cash flow comes to $6,403/yr on $61,162 invested. Return on cash invested is 30.38% in year one, and rental yield stands at 10.78% on a $184,500 basis. Equity gained on principal adds $1,191/yr, and 5% annual appreciation accumulates to $50,974 by year five. Five-year ROI measures 158.89% and total cumulative return in cash reaches $97,178. For financing, Ziffy Mortgage’s DSCR program evaluates $1,658/mo property income against a $903/mo payment instead of your W2s, 1099s, or Tax returns.