Kipling Plan, Wheatfield Estates,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at Kipling Plan, Wheatfield Estates, Statesville, NC, 28677 offers $2,809/mo rent that, after a $2,147/mo payment, leaves $136/mo cash flow. Total monthly income is $2,809/mo, and annual cash flow is $1,627/yr on $145,412 cash. Return on cash invested measures 21.03% in year one, and rental yield stands at 7.68% at a $438,650 entry. Equity gained on principal adds $2,831/yr while 5% annual appreciation compounds into $121,191 by year five. Five-year ROI records 108.71% and total cumulative return in cash reaches $158,082. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,809/mo property income versus a $2,147/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.