Devin Plan, Hidden Lakes,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at Devin Plan, Hidden Lakes, Statesville, NC, 28677 offers $2,596/mo rent that, after a $1,872/mo payment, leaves $265/mo cash flow. Total monthly income is $2,596/mo, and annual cash flow is $3,181/yr on $126,766 cash. Return on cash invested measures 22.42% in year one, and rental yield stands at 8.15% at a $382,400 entry. Equity gained on principal adds $2,468/yr while 5% annual appreciation compounds into $105,650 by year five. Five-year ROI records 116.21% and total cumulative return in cash reaches $147,310. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,596/mo property income versus a $1,872/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.