Penwell Plan, Wallace Springs,Statesville,NC,28677

Investment Highlights

Investment property for sale in Statesville at Penwell Plan, Wallace Springs, Statesville, NC, 28677 with 5% annual appreciation on a $335,990 basis while $2,425/mo rent supports operations. Total monthly income totals $2,425/mo and a $1,645/mo payment preserves $377/mo for cash returns. Annual cash flow comes to $4,522/yr on $111,381 deployed, and return on cash invested reaches 23.97% in year one. Equity gained on principal adds $2,168/yr, and five-year appreciation sums $92,828 alongside rental yield of 8.66%. Five-year ROI measures 124.5% and total cumulative return in cash totals $138,667.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,425/mo property income versus a $1,645/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.