6358 Swainson St SW,Ocean Isle Beach,NC,28469

Investment Highlights

Rental property for sale in Ocean Isle Beach at 6358 Swainson St SW, Ocean Isle Beach, NC, 28469 priced at $309,100 pairs $2,580/mo rent with $696/mo cash flow after a $1,513/mo payment. Total monthly income equals $2,580/mo, and annual cash flow comes to $8,353/yr on $102,467 invested. Return on cash invested is 28.06% in year one, and rental yield stands at 10.02% on a $309,100 basis. Equity gained on principal adds $1,995/yr, and 5% annual appreciation accumulates to $85,399 by year five. Five-year ROI measures 146.47% and total cumulative return in cash reaches $150,085. For financing, Ziffy Mortgage’s DSCR program evaluates $2,580/mo property income against a $1,513/mo payment instead of your W2s, 1099s, or Tax returns.