705 Craig St,Cherryville,NC,28021

Investment Highlights

Rental property for sale in Cherryville at 705 Craig St, Cherryville, NC, 28021 offers $1,858/mo rent that, after a $1,093/mo payment, leaves $470/mo cash flow. Total monthly income is $1,858/mo, and annual cash flow is $5,644/yr on $74,057 cash. Return on cash invested measures 27.53% in year one, and rental yield stands at 9.98% at a $223,400 entry. Equity gained on principal adds $1,442/yr while 5% annual appreciation compounds into $61,721 by year five. Five-year ROI records 143.77% and total cumulative return in cash reaches $106,475. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,858/mo property income versus a $1,093/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.