Jenkins II Plan, K. Hovnanian's® Four Seasons at Lakes of Cane Bay,Summerville,SC,29486

Investment Highlights

Rental property for sale in Summerville at Jenkins II Plan, K. Hovnanian's® Four Seasons at Lakes of Cane Bay, Summerville, SC, 29486 priced at $481,990 pairs $3,188/mo rent with $319/mo cash flow after a $2,359/mo payment. Total monthly income equals $3,188/mo, and annual cash flow comes to $3,827/yr on $159,780 invested. Return on cash invested is 22.3% in year one, and rental yield stands at 7.94% on a $481,990 basis. Equity gained on principal adds $3,110/yr, and 5% annual appreciation accumulates to $133,165 by year five. Five-year ROI measures 115.37% and total cumulative return in cash reaches $184,337. For financing, Ziffy Mortgage’s DSCR program evaluates $3,188/mo property income against a $2,359/mo payment instead of your W2s, 1099s, or Tax returns.