Penwell Plan, Bristol Terrace,Statesville,NC,28677

Investment Highlights

Rental property for sale in Statesville at Penwell Plan, Bristol Terrace, Statesville, NC, 28677 generates $2,456/mo in rent and, after a $1,566/mo payment, leaves $506/mo in cash flow. Total monthly income is $2,456/mo, and annual cash flow is $6,072/yr on $106,077 invested. Return on cash invested sits at 25.63% in year one, and rental yield is 9.21% on a $319,990 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,407 over five years. Five-year ROI reaches 133.45% and total cumulative return in cash sums $141,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,456/mo property income rather than buyer’s personal income.