602 Worth Drive,Morehead City,NC,28557

Investment Highlights

Investment property for sale in Morehead City at 602 Worth Drive, Morehead City, NC, 28557 listed at $349,500 pairs $2,322/mo rent with a $1,711/mo payment to leave $192/mo cash flow. Total monthly income runs $2,322/mo, and annual cash flow reaches $2,299/yr on $115,859 cash to close. Return on cash invested measures 21.89% in year one, and rental yield registers 7.97% at a $349,500 basis. Equity gained on principal adds $2,255/yr, and annual property appreciation at 5% supports $96,560 by year five. Five-year ROI tracks 113.36% and total cumulative return in cash totals $131,341. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,322/mo property income relative to a $1,711/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).