Blue Ridge Modern Farmhouse Plan, Statesville, NC: Build On Your Lot,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at Blue Ridge Modern Farmhouse Plan, Statesville, NC: Build On Your Lot, Statesville, NC, 28677 priced at $318,197 pairs $2,458/mo rent with $519/mo cash flow after a $1,557/mo payment. Total monthly income equals $2,458/mo, and annual cash flow comes to $6,230/yr on $105,482 invested. Return on cash invested is 25.82% in year one, and rental yield stands at 9.27% on a $318,197 basis. Equity gained on principal adds $2,053/yr, and 5% annual appreciation accumulates to $87,912 by year five. Five-year ROI measures 134.42% and total cumulative return in cash reaches $141,793. For financing, Ziffy Mortgage’s DSCR program evaluates $2,458/mo property income against a $1,557/mo payment instead of your W2s, 1099s, or Tax returns.