636 Walnut St APT C,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at 636 Walnut St APT C, Statesville, NC, 28677 generates $1,813/mo in rent and, after a $808/mo payment, leaves $697/mo in cash flow. Total monthly income is $1,813/mo, and annual cash flow is $8,364/yr on $54,698 invested. Return on cash invested sits at 35.2% in year one, and rental yield is 13.19% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 185.56% and total cumulative return in cash sums $101,495. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,813/mo property income rather than buyer’s personal income.