Davidson Plan, Cayden Cove : Hanover Collection,Wendell,NC,27591

Investment Highlights

Rental property for sale in Wendell at Davidson Plan, Cayden Cove: Hanover Collection, Wendell, NC, 27591 priced at $359,990 converts $2,911/mo rent into $717/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,911/mo, and annual cash flow totals $8,604/yr on $119,337 invested. Return on cash invested prints 27.12% in year one, and rental yield reads 9.7% against a $359,990 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,459 by year five. Five-year ROI reaches 141.41% and total cumulative return in cash sums $168,750. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,911/mo property income covering a $1,762/mo payment, not borrower’s personal income.