GREENWOOD Plan, Horizons at Carnes Crossroads | 55+ : Carriage Collection,Summerville,SC,29486

Investment Highlights

Rental property for sale in Summerville at GREENWOOD Plan, Horizons at Carnes Crossroads | 55+: Carriage Collection, Summerville, SC, 29486 offers $2,714/mo rent that, after a $1,738/mo payment, leaves $600/mo cash flow. Total monthly income is $2,714/mo, and annual cash flow is $7,204/yr on $117,683 cash. Return on cash invested measures 26.03% in year one, and rental yield stands at 9.17% at a $355,000 entry. Equity gained on principal adds $2,291/yr while 5% annual appreciation compounds into $98,080 by year five. Five-year ROI records 135.37% and total cumulative return in cash reaches $159,312. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,714/mo property income versus a $1,738/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.