Floyd Plan, Marion Heights,Kinston,NC,28504

Investment Highlights

Investment property for sale in Kinston at Floyd Plan, Marion Heights, Kinston, NC, 28504 offers a 9.77% rental yield on a $309,900 purchase with $2,524/mo rent. Total monthly income registers $2,524/mo, and a $1,517/mo payment leaves $635/mo available for distribution. Annual cash flow reaches $7,621/yr on $102,732 to close, and return on cash invested stands at 27.33% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 142.53% and total cumulative return in cash at $146,424. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,524/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.