Avon Plan, Ridge at Sugar Creek,Indian Land,NC,29707

Investment Highlights

Rental property for sale in Indian Land at Avon Plan, Ridge at Sugar Creek, Indian Land, NC, 29707 priced at $434,990 converts $2,753/mo rent into $102/mo cash flow after a $2,129/mo obligation. Total monthly income equals $2,753/mo, and annual cash flow totals $1,224/yr on $144,199 invested. Return on cash invested prints 20.76% in year one, and rental yield reads 7.59% against a $434,990 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,180 by year five. Five-year ROI reaches 107.29% and total cumulative return in cash sums $154,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,753/mo property income covering a $2,129/mo payment, not borrower’s personal income.