Vincent Plan, The Coves at Lakes of Cane Bay II,Summerville,SC,29486

Investment Highlights

Rental property for sale in Summerville at Vincent Plan, The Coves at Lakes of Cane Bay II, Summerville, SC, 29486 generates $3,059/mo in rent and, after a $2,447/mo payment, leaves $83/mo in cash flow. Total monthly income is $3,059/mo, and annual cash flow is $994/yr on $165,747 invested. Return on cash invested sits at 20.51% in year one, and rental yield is 7.34% on a $499,990 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,138 over five years. Five-year ROI reaches 105.74% and total cumulative return in cash sums $175,265. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,059/mo property income rather than buyer’s personal income.