Iris Plan, Sterling Oaks,S4q28e Ash,NC,28420

Investment Highlights

Rental property for sale in S4q28e Ash at Iris Plan, Sterling Oaks, S4q28e Ash, NC, 28420 priced at $289,990 converts $2,006/mo rent into $239/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,006/mo, and annual cash flow totals $2,868/yr on $96,132 invested. Return on cash invested prints 22.89% in year one, and rental yield reads 8.3% against a $289,990 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,119 by year five. Five-year ROI reaches 118.76% and total cumulative return in cash sums $114,169. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,006/mo property income covering a $1,419/mo payment, not borrower’s personal income.