108 Soft Breeze Bnd #161BLocustNC28097
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Locust at 108 Soft Breeze Bnd #161B, Locust, NC, 28097 generates $2,615/mo in rent and, after a $1,737/mo payment, leaves $452/mo in cash flow. Total monthly income is $2,615/mo, and annual cash flow is $5,425/yr on $117,649 invested. Return on cash invested sits at 24.52% in year one, and rental yield is 8.84% on a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 127.48% and total cumulative return in cash sums $149,980. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,615/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kaylee Wilson • TLS Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291587