Ethan Plan, Edgewater on Lake Tillery Inland,Norwood,NC,28128

Investment Highlights

Rental property for sale in Norwood at Ethan Plan, Edgewater on Lake Tillery Inland, Norwood, NC, 28128 offers $2,160/mo rent that, after a $2,406/mo payment. Total monthly income is $2,160/mo. Return on cash invested measures 13.75% in year one, and rental yield stands at 5.27% at a $491,648 entry. Equity gained on principal adds $3,173/yr while 5% annual appreciation compounds into $135,833 by year five. Five-year ROI records 69.74% and total cumulative return in cash reaches $113,666. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,160/mo property income versus a $2,406/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.