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

Investment Highlights

Rental property for sale in Summerville at Simone Plan, K. Hovnanian's® Four Seasons at Lakes of Cane Bay, Summerville, SC, 29486 generates $3,491/mo in rent and, after a $2,560/mo payment, leaves $378/mo in cash flow. Total monthly income is $3,491/mo, and annual cash flow is $4,530/yr on $172,064 invested. Return on cash invested sits at 22.69% in year one, and rental yield is 8.01% on a $522,990 entry. Equity gained on principal adds $3,375/yr, while 5% annual appreciation builds toward $144,492 over five years. Five-year ROI reaches 117.44% and total cumulative return in cash sums $202,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,491/mo property income rather than buyer’s personal income.