Hamilton Plan, Bristol Terrace,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at Hamilton Plan, Bristol Terrace, Statesville, NC, 28677 offers $1,980/mo rent that, after a $1,522/mo payment, leaves $85/mo cash flow. Total monthly income is $1,980/mo, and annual cash flow is $1,018/yr on $103,093 cash. Return on cash invested measures 20.9% in year one, and rental yield stands at 7.64% at a $310,990 entry. Equity gained on principal adds $2,007/yr while 5% annual appreciation compounds into $85,921 by year five. Five-year ROI records 108% and total cumulative return in cash reaches $111,342. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,980/mo property income versus a $1,522/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.