Drake Plan, Wheatfield Estates,Statesville,NC,28677

Investment Highlights

Investment property for sale in Statesville at Drake Plan, Wheatfield Estates, Statesville, NC, 28677 listed at $492,900 pairs $3,719/mo rent with a $2,413/mo payment to leave $716/mo cash flow. Total monthly income runs $3,719/mo, and annual cash flow reaches $8,586/yr on $163,396 cash to close. Return on cash invested measures 25.16% in year one, and rental yield registers 9.05% at a $492,900 basis. Equity gained on principal adds $3,181/yr, and annual property appreciation at 5% supports $136,179 by year five. Five-year ROI tracks 130.9% and total cumulative return in cash totals $213,887. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,719/mo property income relative to a $2,413/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).